Check all matters relating to customs and international trade, ensure that all official requirements of customs law are complied with.
For businesses importing goods from outside the EU, complying with customs regulations can really help save your business money by minimising risks and reducing costs.
| Customs Compliance | ||
| Customs Compliance is a fundamental area of customs management. Incorrect customs entries could result in a range of problems, impacting your business imports | ||
| Customs Risks | Customs Penalties | Authorised Economic Operator Status (AEO) |
| Extra customs duty demands & liability for debts Loss of duty relief Seizure of goods Delays clearing customs | Negative impact on relationship with customs authorities Retrospective customs duty demands Loss of eligibility to AEO Personal penalties (in the UK) | Shows that you are a secure link in the supply chain Demonstrates that customs processes are compliant and efficient |
| How Customs Connect works with you to improve Customs Compliance in your business | ||
| Spotting these risks Suggest and implement processes to mitigate these risks | Periodic monitoring Customs Audit to help put processes in place to mitigate any penalties | Bespoke application process Consistent monitoring to spot any risk Ensuring compliance to be eligible for AEO |
How can customs compliance help save your business from costly errors?
The complex nature of customs regulations means that complying and staying up to date with these rules can be a difficult and ongoing task.
Customs authorities regularly carry out checks and audits to ensure all businesses are paying the correct import customs duty at the correct time.
It is crucial that your business understands and meets its obligations under customs regulations, as irregularities could result in:
- Costly customs penalties.
- Seizure of goods.
- Supply chain delays.
- Removal of customs planning authorisations.
- Damaged reputation.
How can Customs Connect help you?
We combine our knowledge of the customs rules with your specific business needs to help alleviate some of the challenges that come with import customs compliance.
Let us spot the risks and help your business avoid costly fines or penalties.
Our experts help manage trade compliance in a variety of ways, including but not limited to:
- Assessment of current procedures: Compare current customs rules and procedures with best practice and industry norms.
- Reviewing past procedures: Reviewing previous customs compliance failures, analysing how risks could be minimised and making appropriate regulatory disclosures to minimise their impact.
- Introducing the best practices: Designing and implementing new customs procedures and control checks that will help you reach your goals.
- Saving costs: Recommend more cost-effective methods of declaring goods and meeting your obligations.
- Efficient and compliant customs control: Implement and maintain Authorised Economic Operator (AEO) status through our bespoke application process and ongoing management tools.
Did you know: Loss of eligibility to AEO can increase guarantee costs and stop you from applying for customs duty reliefs for up to three years.
Contact our experts to help give your business quicker access to simplified customs.