Tax-Efficient Supply Chains

In order to realise savings in compliance costs, it is essential that the customs dimension is taken into account when planning the logistics of international trade. Customs planning is not just about minimising import duties; it is also about reducing the costs of complying with customs requirements. The critical period in the supply chain – between the dispatch of goods by a supplier in one country and their receipt by a customer in another – is fraught with potential delays and cost penalties. Documentation is expensive and, if incorrect, a major source of problems whilst delays at ports and frontiers are another cause of frustration. Customs problems can wreak havoc with “just-in-time” arrangements.

Most Customs authorities offer importers and exporters simplified and streamlined procedures. You may be able to take advantage of:

• simplified entry and clearance procedures;
  
• customs clearance at your own premises;
  
• computerised documentation systems;
  
• provision of data to Customs electronically; and
  
• customs warehousing and free zones.

• develop customs-effective logistics;
  
• devise the best means of preparing and transmitting data for customs purposes;
  
• design customs-effective systems and facilities and obtain the necessary approvals;
  
• determine the optimum methods of storing and distributing goods; and
  
• obtain efficient and cost-effective freight forwarding arrangements.