For businesses that import raw materials, components, or goods for processing before exporting the finished product, import duties represent a cost that should not have to be paid in full. When those goods are ultimately leaving the territory again in a different form, paying duty on the original import is an unnecessary financial burden, and one that Inward Processing is specifically designed to address.
Inward Processing is one of the most powerful Special Procedures available to manufacturers, processors, and distributors operating in global supply chains. By suspending import duties and taxes on goods brought in for processing, repair, or manufacturing, it directly improves cash flow, reduces operational costs, and strengthens your competitive position in international markets. The savings can be substantial, particularly for businesses operating in industries with high duty rates or large import volumes.
The challenge for many organisations is not understanding the value of Inward Processing; it is managing the administration accurately and efficiently enough to make it worthwhile. That is where CAS comes in.
In this video, you will discover how to save on customs duties with Inward Processing. Our customs software, CAS, facilitates the use and reporting of this Special Procedure in a fully automated way, handling the complexity so your team does not have to. Watch this video to learn more.