Customs Warehousing Webinar | Customs4trade

Webinar Slides

Download the webinar slides to learn more about Customs Warehousing and how you can avoid paying duties and taxes on your goods immediately.

Video: How Customs Warehouses Work

With end-to-end automation and process optimisation, you can reduce your administrative and duty costs by more than 80%, plus gain visibility into all your customs data.

White paper: Save costs while storing your goods with Customs Warehousing

Discover how you can benefit from reduced duty savings with a Customs or Bonded Warehouse

Customer Story: Honda

An increase in duty costs due to supply chain changes and the UK's exit from the EU posed a threat to the competitiveness of a new global car model, necessitating new Special Procedures authorisations.

e-book: 5 Ways You Can Save on Import Duty

Understand the significant economic benefits for companies using Customs Special Procedures

White paper: Special Procedures Your Insider Guide

Manage the complexities of Special Procedures to facilitate trade and save on duty costs of imported goods.

Webinar Slides

Download the webinar slides to learn more about Customs Warehousing and how you can avoid paying duties and taxes on your goods immediately.

Video: How Customs Warehouses Work

With end-to-end automation and process optimisation, you can reduce your administrative and duty costs by more than 80%, plus gain visibility into all your customs data.

White paper: Save costs while storing your goods with Customs Warehousing

Discover how you can benefit from reduced duty savings with a Customs or Bonded Warehouse

Customer Story: Honda

An increase in duty costs due to supply chain changes and the UK's exit from the EU posed a threat to the competitiveness of a new global car model, necessitating new Special Procedures authorisations.

e-book: 5 Ways You Can Save on Import Duty

Understand the significant economic benefits for companies using Customs Special Procedures

White paper: Special Procedures Your Insider Guide

Manage the complexities of Special Procedures to facilitate trade and save on duty costs of imported goods.

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E-boek Bijzondere Douaneregelingen

Duik in de economische voordelen van bedrijven die gebruik maken van Bijzondere Douaneregelingen.

Bijzondere douaneregelingen: uw insidergids

Om de economische activiteit te bevorderen, bieden veel landen de mogelijkheid om douanerechten te schorsen of op te heffen door gebruik te maken van bijzondere douaneregelingen.

CAS Classification Managed Sample

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Do I need to manage stock for all items in CAS, both bonded and free? Or is it okay to only manage bonded stock in CAS?

You only need to keep track of bonded stock in CAS. It’s purely an administrative customs stock system. However, CAS has the possibility to do both, you can also store free stock giving you some more opportunities for duty savings.

Example from an EU point of view: if you buy goods from a supplier in China but you also buy the same goods from your local supplier in France for example. If you are then doing a shipment to a customer that is already in the EU, you will then preferably pick the free goods as the duties have already been paid.

So, managing free stock in CAS is not mandatory, but it gives more freedom to make some additional savings.

What are the requirements when a large consignment arrives but at a later date only a small portion of that consignment needs to be released?

Upon arrival, your consignment will be completely put under the customs warehouse and your stock will then be maintained in your solution. You can then discharge either the full quantity of the goods all at once or you can split it up into different smaller consignments over time. As a stock administration, if you would for example use CAS, you can get an overview of the remaining stock levels at all times and it will always be linked back to the initial MRN of the import declaration.

Can you apply at the same time for an excise warehouse authorisation and a customs warehouse authorisation?

In theory, you can apply simultaneously/in parallel for both. These are two different types of warehouses, so two different authorisations and customs regimes. We would advise to get the excise warehouse authorisation first and then apply for a customs warehouse authorisation. If goods come under customs control, the customs warehousing procedure takes priority over the excise warehouse procedure.

Do I have to apply the FIFO system?

No. FIFO is the default setting in CAS, especially with Inward Processing where you have a limited time that the goods can be held. It’s all configurable and up to the customer to decide which system they want to use (FIFO, claim preference, use FTAs, etc.).

What’s the difference in duty between paying duty outright for goods from China and storing in a warehouse and paying duty when later entering to home use?

The duty rate will be the same, the only thing that will be different is the moment that you need to pay the duties. If you are talking about huge amounts of imports, it can make a very big difference from a cashflow point of view.

Can you export 100% of goods out of the EU?

Yes, that’s perfectly possible. You can re-export 100% of the goods that you stored in your customs warehouse.

If a trader already owns their own warehouse, how can they go about getting authorisation to use it as a bonded warehouse?

Depending on the jurisdiction, there are different application forms to apply for a customs warehousing authorisation. Typically, you have to give more information on your company, on the location, etc. You will probably get audited on the location.

You have shipment from Egypt. First you put them in the bonded warehouse. Afterwards, you want to put them in free circulation in Belgium. Is a EUR1 sufficient enough to be excepted from import duties (0% import duties)? What if you want to sell the good in Switzerland? What document do you need for exception of import duties (0% import duties)?

The EUR1 from the outbound shipment will be taken over from the original inbound shipment. In the CAS stock records, we keep a link to the inbound MRN that we then take over in the outbound shipment. The exceptions can be configured in CAS. The relevant documents that are needed for exception of import duties, can be configured in our decision tables for additional documents.

As customs brokers, can we lodge a declaration for customs warehousing if we ourselves do not have a bonded warehouse, but the importer does have a customs warehouse?

With the modular system, it’s not mandatory to use the stock management part of it. You can just manage your declarations in CAS, without using the Special Procedures module. Then it’s just a matter of applying the correct CPC code to the declaration.

Would this solution be viable if working for a bonded warehouse partner or if I am planning to build my own?

If you want to use a bonded warehouse partner, it depends on whether your bonded warehouse partner allows to create records for it, so that’s something you would need to check with them.

Because of the liability risks and the excessive reporting requirements, it’s advised to consult with your partner to see whether they are open for you to use that process or not.

Most companies are having their own bonded warehouse, but sometimes they already have a long-lasting relationship with a partner who does everything for them, like a 3PL. And then it’s really up to the partner if he’s acceptable to this or not. If they are, it comes down to looking into how you as a company can provide all required documents, declarations, etc. to that partner. So it’s definitely possible, but it’s a discussion you need to have.

Would CAS know the duty status of export returns so that returned items can be returned either into free circulation or into bond correctly?

If the return is coming back with the original outbound MRN then we can apply the correct duty rate.

Do we need to register anywhere to be able to use Excise warehouse in the UK? If so, where?

You need to make application to use excise warehousing, in this case in the UK. All authorisation application documents can be found on the HMRC website.

We currently have an ETSF (Temporary Storage Facility). I understand this works the same as Custom warehousing, with the duties etc?

From a basic principle point of view, it’s the same but other rules apply. Temporary Admission will be discussed in our September webinar of the Special Procedures Summer Series.

Do you need a Comprehensive Guarantee to cover a customs warehouse?

You need to have a Comprehensive Guarantee to cover a customs warehouse, which is part of the authorisation application.

One of the reasons why we calculate the self-assessed duties in CAS is to see whether your Guarantee still covers the amount of suspended duties in there.

If you are the AEOF holder, is the comprehensive guarantee lower for customs warehousing?

This can depend on the jurisdiction you are in, so we’ll need more information to provide the correct answer.