pi customs warehouse management.pdf

Product Information

Descartes Customs Warehouse Management

Customs warehousing is used by many organizations as a means to suspend/defer import duties and/or value-added tax (VAT) on goods entering the European Union. This is an effective and efficient means to enable importers to choose an optimum time to clear goods and pay duties; or re-export them outside of the European Union. While the advantages are significant in terms of cost savings and distribution optimization, storing goods in a customs warehouse can often involve highly complex internal control procedures before the goods can gain approval. The extent and types of processes involved can vary, depending on the nature of the goods, type of warehouse used, distribution plans and Member State custom requirements. In order to achieve compliance, as well as measure performance and financial impact, organizations need a fully integrated solution to manage their customs warehouse business and process requirements.

An integrated customs warehouse management (CWM) solution can play an integral role in simplifying procedures, while taking advantage of the maximum available benefits. The more automated and integrated the procedures, the greater the likelihood that those goods can be processed and transported effectively and efficiently. A CWM solution helps users comply with the rigorous requirements of the customs warehouse procedure. The right solution can also offer a secure and time-efficient way to manage imported goods regardless of the type of customs warehouse in use.

Descartes has developed the Customs Warehouse Management module as part of its Porthus.net Warehouse Management Framework. This on-demand solution is specifically designed to allow users to manage goods stored under the customs warehouse procedure, by keeping information on imported goods and accounts, tracking all movement and activity, and enabling accurate and timely electronic declaration processing.


Features

Potential Benefits