Strategic supply chain management also includes optimized customs clearance. To avoid incurring unnecessary costs, executives in charge should therefore always keep an eye on upcoming customs changes. Find out here which changes will soon come into force.
Customs renewals for retailers and distributors
Even if the customs clearance process of goods or means of production is more of a necessary burden for many decision-makers, one fact is certain: Neglecting customs issues or not paying attention to upcoming customs changes can quickly lead to delays in clearance and significant additional costs.
Due to the BREXIT and new EU customs regulations, the following customs changes will come into force following July 1st:
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Tariff changes due to BREXIT
- The ” tax-free threshold ” for commercial goods up to EUR 22 is no longer applicable.
- Low-value goods must be declared by means of an electronic customs application via the ATLAS system.
- Oral customs declarations, which have been tolerated up to now, are no longer valid.
EU tariff renewals
- In the future, all goods or products imported into the EU must be declared as part of an entry summary declaration, or ESumA for short.
- This also includes the transmission of a subsequent physical presentation (SumA), in a one-to-one referencing.
Customs know-how can help avoid extra costs
“Managers should understand customs clearance as a valuable tool for optimization and cost reduction,” advises Thomas Gau, Head of Customs Solutions – Supply Chain Solutions at Hermes International, a division of Hermes Germany. To succeed in this complex issue environment, it can make sense to work with a service provider like Hermes International. “We are happy to support our customers with taylor-made solutions: either by taking over customs clearance, including all processes, or by building up know-how through customs training,” says Gau.
Companies that prepare and implement innovations in good time can leverage cost advantages that arise and secure competitive advantages in the long term.