Watch the webinar recording: Special Procedures Series, Customs Warehousing
For businesses managing imported goods across distribution networks, the cost of holding stock can add up quickly, particularly when customs duties are paid upfront on goods that may sit on the shelf for weeks or months before they are sold or used. Customs Warehousing offers a practical and well-established solution to that challenge, yet many organisations are not making full use of it.
Customs Warehousing is a Customs Special Procedure designed to provide relief from duties and taxes on goods stored in distribution centres, especially for stock that may remain on the shelf for longer periods of time. By suspending duty payment until goods are released for consumption or re-exported, businesses can protect their cash flow, reduce unnecessary financial exposure, and gain greater flexibility in how they manage their inventory and supply chain.
The administrative requirements can seem complex at first, but with the right software solution in place, Customs Warehousing becomes entirely manageable and the financial benefits are well worth the investment in getting it right.
Watch our webinar on demand to discover:
-
How Customs Warehousing works in practice
-
The benefits of Customs Warehousing to your business and why you should consider implementing.
-
The cost savings in action: A business case
-
How the CAS Special Procedures module automates Customs Warehousing (demo)
More information on Special Procedures and their benefits can be found on our website.