Importing and exporting excise goods, such as alcohol, tobacco, and energy, is a multifaceted challenge with significant financial implications. Excise duties come at a price, impacting your bottom line. Are you worried about compliance with excise goods being checked by authorities more strictly? Are you struggling with the burden of (pre)paying vast amounts of excise duties on imported products, and you’re looking into optimisations? Or are you investigating ways to automate your excise management, giving you more visibility? We've got exciting product news that can make your excise journey smoother!
Challenges to tackle
🗺️ Compliant excise movements
The Excise Movement and Control System (EMCS) comes into play when dealing with excise goods, introducing an additional layer of complexity with yet another system to manage. And since excise goods are monitored more closely, you’d better ensure compliance. Moreover, your administration time adds up since you need to lodge customs declarations and register the excise movements in EMCS.
📈 Varying excise duty rates
Think of excise duty rates as a complex landscape where the rules vary from country to country. Different excise duty rates apply depending on the product and the jurisdiction, even in the EU, this is not standardised, making excise duty management quite complex if you are importing from and exporting to multiple countries.
💰 Heavy (pre)payments
Imagine the financial impact of having to pay substantial excise duties upfront before you can even start making money from your imported products. This upfront financial burden can significantly impact your cash flow, restricting your business's flexibility.
The CAS solution: overcoming excise complexities
Our customs management solution, CAS, transforms these challenges into opportunities, making your excise journey smoother and more financially advantageous. Register now to stay in the loop of our upcoming excise updates as more product functionality becomes available, or contact us to see how CAS can make your excise processes easier.
Introducing CAS excise functionality
We are very excited to announce the expansion of our product capabilities to address excise challenges specifically. CAS is not just another customs management software; it's a comprehensive solution designed to revolutionise your customs and excise management in several countries.
Our excise functionality consists of three layers
- CAS calculates the self-assessed duties for excise when releasing your goods into free circulation and visualises them in the User Interface
- When moving excise goods within the EU, CAS registers these movements in EMCS based on your data. This can be easily combined with your customs declarations for full automation. CAS takes care of the excise and customs declarations with just one message.
- Tax warehouse functionality in CAS allows you to import or produce excise goods with suspension or complete relief of excise duties and VAT. This will help you save on excise duties tremendously and has an enormous impact on your cash flow.
Excise functionality features
⚙️ Streamlined excise compliance
CAS simplifies your excise journey by seamlessly integrating excise functionality into your customs administration. No more juggling multiple systems. With CAS, one message takes care of both customs declarations and excise administration in EMCS, with compliance top of mind at all times. Make it easy to integrate it seamlessly into your customs operations either using APIs, upload data using Excel files, or adding data manually in CAS.
💻 Automated operations and reporting
Say goodbye to complexity and hello to efficiency! CAS simplifies and streamlines your excise management process. From keeping track of excise movements to visualising self-assessed excise duties and creating the required reports that can be different per product category, CAS facilitates automation in managing your excise goods.
⚖️ Financial advantages with tax warehouse functionality
CAS goes beyond efficiency with its tax warehouse functionality. Suspend excise duties until goods are consumed, optimising your cash flow and eliminating the need for upfront financing. This strategic approach sets your business on a path of sustained growth.
Elevate your excise experience with CAS
Ready to embrace excise management that brings efficiency and financial advantage? Register below to stay informed about our excise product updates. Or, if you want to get in touch right away, contact us for a meeting to discover how our solution can benefit your business.
Frequently asked questions
Do you have more questions about excise? Here are answers to the most common inquiries we get.
Yes, we will make sure our excise functionality is applicable to all types of excise products, including alcohol and intermediate products, tobacco, and energy products.
Tax warehouse administration in CAS is accounting-based (record keeping). Stock records are based on movements derived from the data received from your ERP or WMS source system. The stock records, housed in CAS, are the basis for reporting to authorities.
Save up to 90% on customs administration
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