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One of the first questions I ask a prospective client. As we develop the conversation, it usually unfolds that although each department has some responsibility, there are clearly gaps and grey areas. This manifests in inefficiencies, increased cost of sales and supply chain delays. With HMRC currently taking a much more proactive approach to compliance, it has never been more crucial to get on top of your customs obligations. We recommend an independent audit when approaching this project, as it allows you to get a view of what's ACTUALLY happening in the business rather than what should be happening. Even businesses with strong, in-house customs teams have audits like these every 3-5 years. It tests the structure and affords you time to rectify any issues before HMRC knock on the door. #Customs #customsplanning #finance #supplychain #supplychainstrategy #ukbusiness #operations #import #export #brexit #customsduty #risk #compliance

Risk reduction and supply chain planning It’s essential for businesses to avoid CBP penalties and legal action for non-compliance with the UFLPA. Read more 👉 https://lttr.ai/AXBGO

Brokers Beware: Time's ticking faster than ever for CBP's new Type 86 Data Advance Requirement!⏳ The deadline for filing type 86 entries has now been shortened from 15 days after arrival to 'upon or prior to arrival'. Why the rush? The goal is laser-focused - target de minimis shipments in advance and efficiently complete targeting processes. Remember, with great power comes great accountability. A closer look reveals additional clauses on the 'consequences of misconduct' for test participants, plus a waiver of some customs regulations under the pilot. But it's not just about speed. This change is all about intelligence too. The advance data allows the CBP to target potentially suspicious packages before they make landfall. Think about it: with small package volumes sky-rocketing and the associated risks, swift identification of potential threats has never been more crucial. This change is likely the answer to the 'time challenge' CBP faces with targeting processes. The revisions suggest a shift towards a more focused, flexible strategy, enabling individual offices and officers to effectively target shipments. Proactivity wins the day, my friends. The notice also gives CBP the authority to demand that type 86 entries be re-filed as formal entries, ensuring no chance for complacency. Will this rapid, intelligent approach combat the enforcement challenges of low-value shipments? Only time will tell. This comes into effect Feb. 15. How will you adjust your processes to meet this accelerated timeline? #importcompliance #customsbrokers #tradelaw #compliance

Have you conducted an independent review of your commodity codes lately? While in-house classification teams are invaluable, they come from a different angle than Barbourne Brook's experts. An external review of your HS codes not only supports your team’s efforts but also unveils the potential for substantial savings and cash injections. Discover how an independent commodity code analysis led to significant financial benefits for a UK retail business. A review of your codes is entirely contingent, meaning there are no upfront costs or risks. #CustomsDuty #CustomsCompliance #UKbusiness #CFO #HScodes

Classification risks and opportunities arise for many reasons, including the person classifying the goods not receiving sufficient product information, time pressures, lack of classification reference tools, and regulatory complexity. A second pair of eyes (using the lens of experience) usually proves fruitful finding those needles. #customsduty #customsclassification #commoditycodes

If you trade goods internationally and suspect there may be inaccuracies in your data then get your HS codes checked via the link below.   It's always better to be safe than sorry, so make use of our free audit - Our analysis of thousands of SKU's has found that on average 2 out of every 5 HS codes are incorrect. Peace of mind is always a win, especially when it's free, so fill in the contact form below! #customsclearance #compliance #tariffcodes

Upgrade your processes with CARGOES Customs. We enable Customs administrations and brokers to deliver an end-to-end clearance process with advanced risk management, inspection, and post-clearance audit controls. Find out more: https://lnkd.in/dMUDva5H #CustomsUpgrade #RiskManagement #CustomsAuthority

With pivotal geo-political events defining the current trade landscape, here's how businesses can avoid financial and reputation losses. #customs #compliance #customsbrokerage

We invite you to read insights on tariff classification of goods in the light of the latest technological developments from experts in the EU, UK, US, Canada, Brazil and Israel. The experts found answers to complex tariff classification questions. Here are some of them: How can we assess the quality and the cost-worthiness of the different classification tools on the market? Who - human or machine - finalises the classification? What is the correct classification of goods? What are pros & cons of basic approaches to HS automation? We thank all contributors, especially the members of the CKI community Enrika Naujokė, Annette Reiser and others. The overview is published in the latest issue of the Customs Compliance & Risk Management journal and is available for reading on the CustomsClear platform https://lnkd.in/eM2nDRuj. #customsknowledgeinstitute #tariffclassification #article #artificialintelligence #customs

KPI on Customs Clearance Several years back I insisted implementing on KPI for custom clearance, my team response was "It all depends on customs, what can we measure and do ".From that stage, we have come a long way where Customs is publishing their report card by Time Release Study TRS. However, KPI is a continuously evolving subject and needs periodic review, monitoring, and action plans. I was happy to receive a question last week in Daily Shipping Times (DST) where Internal Auditors have insisted on implementing KPI. Below is my solution published in Daily Shipping Times - 17.1.2024 ##dailyshippingtimes #dst #customclearance #customscompliance #customsbroker #incoterms2020 #FFFAI #BCBA #exports #exporters #ftp #risk #exportcompliance #kpi #improvemnt #performanceimprovement