Importing from GB to NI? A Guide to TSS & Entry Summary Declarations

Importing from GB to NI? A Guide to TSS & Entry Summary Declarations The Northern Ireland Protocol, created as part of the UK’s withdrawal from the European Union, implemented new rules for the flow of goods between Great Britain (GB) and Northern Ireland (NI). Businesses had to adjust to new customs processes and declarations, which resulted in a confusing situation. Importing goods from Great Britain to Northern Ireland or outside the EU to NI requires using an Import Control System (ICS) to inform the customs authorities about the arrival of your products before departure from the country of origin. The ICS manages: Handling the United Kingdom’s airport diversions Issuing Movement Reference Number (MRN) Handling and processing Entry Summary Declaration (ENS) Trading businesses find it challenging to comply with the requirements of TSS and Entry Summary Declarations. What research says: According to the GOV.UK “Over 47,000 companies have signed up for the Trader Support Service (TSS) since it was first introduced in 2020. The TSS was designed to assist businesses in successfully navigating the changes that have been implemented to the way goods are transported as a result of the Northern Ireland Protocol.” This huge number of businesses shifting to TSS emphasises the importance of its thorough comprehension. Keep reading to learn everything about TSS and ENS and make importing from GB to NI a breeze. Understanding TSS Trade Support Service (TSS) was set up in place after the UK’s exit from the EU. The two parties placed the Northern Ireland Protocol, which controlled trade between GB and NI. The TSS programme is HMRC’s free, end-to-end digital platform that assists traders in complying with the NI Protocol. Established in 2020, TSS facilitates the movement of goods between the two regions by providing a “simplified journey.” Understanding Entry Summary Declarations (ENS) Entry Summary Declarations (ENS) is required for any items moving from GB to NI, which serves as a safety and security notification. Before the items arrive in NI, the carrier—typically the person executing the transport—is in charge of filing the ENS. Is an ENS necessary? When shipping products, you must have an ENS: Directly to NI from nations outside the European Union (EU). From Great Britain to Northern Ireland. Exemptions: If the items are going to be used in Northern Ireland and come from an EU country, you do not need to submit an ENS. You are transporting qualifying products from Northern Ireland to Great Britain. Visit the GOV.UK website for more information on qualified goods. Types of customs declaration for importing from GB to NI The following are two types of customs declarations when moving goods to Northern Ireland: Full Frontier Declaration The Full Frontier Declaration serves as your items’ comprehensive passport. It provides customs officials with thorough information to determine applicable taxes, levies, and limitations. Consider it a thorough interview procedure for your shipment. It consists of the following: Product Specifications: A list of the products being shipped, comprising their quantity, type, mass, and cost.   Origin and Destination: Details regarding the product’s place of origin and ultimate destination inside Northern Ireland.   Duty Rates: Detailed information on any import taxes or duties that may be imposed on the items.   Supporting Documents: Depending on the particular goods, additional documents like invoices, certificates of origin, or licences may be needed. TSS automatically creates this declaration using the information in the Entry Summary Declarations. It is used by traders and hauliers that utilise TSS for customs processes and safety and security declaration. Simplified Frontier Declaration Customs uses the Simplified Frontier Declaration as a fast lane. It processes data more quickly by employing a simplified format that only includes the most important details about the products. It consists of the following: Basic Product Details: A short description of the kind and quantity of the items being carried.   Value Estimate: An estimate of the products’ worth.   Commodity Code: A uniform code used to categorise the kind of cargo being shipped. Who completes the ENS declaration? It is the responsibility of carriers to make sure that an Entry Summary Declarations, detailing safety and security measures prior to arrival, is sent to the UK customs department for every item being transported into Northern Ireland. In these declarations, the carrier is referred to as an operator. How does TSS support customs declarations? Customs declaration is required for: Goods moving from Great Britain to Northern Ireland Goods moving from RoW to NI (excluding EU) Entry Summary Declarations (ENS), which include safety and security information, are not the same as these declarations. Generating Customs Declarations from Entry Summary Declarations (ENS) Choose the appropriate kind of customs declaration before finishing your ENS. For customs clearance, ENS is not enough; moreover, customs declarations are needed. There are two options available to you: TSS Simplified Journey (usually from GB to NI) TSS Full Frontier Declaration TSS Simplified Journey The goal of the TSS simplified journey is to facilitate business goods movement from GB to NI. In this process, a simplified declaration is made, including all the details before the departure of the goods. ENS: The transporter is usually required to complete the safety and security declaration prior to the goods entering NI. Simplified Frontier Declaration: This is often filed prior to the movement of the items and is automatically generated by TSS using the data from the ENS. Supplementary Declaration: A comprehensive dataset is finished following the shipment of the products. This completes the customs process and guarantees payment of all applicable taxes and fees. Procedure: Key steps involved Make sure the ENS is submitted before the products are moved. Acquire a commodities Movement Reference; this is an essential reference for monitoring and controlling the flow of commodities. Send in supplementary declarations; these can be sent in as early as the fourth working day, but they must be received by the tenth calendar day of the month after the goods movement. TSS Full Frontier Declaration Journey It is required for: Goods travelling from the RoW (but not

Automate CN22 and CN23 Customs Declarations with iCustoms

Automate CN22 and CN23 Customs Declarations with iCustoms International trading rules and regulations can be very stressful for importers and exporters, particularly when it comes to customs declarations, i.e., CN22 and CN23. These forms are required when shipments are crossing borders to ensure they align with customs rules and pay the accurate amount of taxes and duties. Manual customs declarations consume a lot of time and pose a number of error risks, which may lead to shipment delays or penalties. This becomes especially problematic as the volume of international trade rises. Several studies demonstrate how, over time, international trade has gradually increased. For instance, a survey conducted by the OECD shows that, “Imports and exports have increased by 1.3% and 1.6%, respectively, in quarter 4 of 2023 compared to the previous quarter.” This growing volume of international trade further aggravates the difficulties of manual customs declarations and causes more bottlenecks. This can only be overcome by replacing the conventional system with a modern AI-driven customs declaration system. Before we get started with customs automation, we need to understand what CN22 and CN23 customs declarations are and how they differ from one another. What are CN22 or CN23 customs declarations? CN22 and CN23 are required customs forms for international shipping. These documents include the following information about the shipment: The goods type Goods value Carrier information Receiver information Destination country Customs authorities use these forms to keep track of all the goods entering and exiting the country to ensure environmental protection, border security, and proper taxation. Furthermore, these forms also ensure that customs duties and taxes are paid for the goods you are shipping. In case of wrong or missing information on CN22 and CN23 forms, you may end up with fines, penalties or even shipment seizure. Difference between CN22 and CN23 It can be overwhelming to decide between CN22 and CN23, particularly for a novice trader. However, the difference between both is very simple; it depends on the weight and value of the parcel. Here’s how you can decide which form to choose for your shipment: CN22 It is required if your parcel is under 2 kg and is worth up to £270. CN23 It is required if your parcel weighs more than 2 kg and is worth more than £270. When do you use CN22 and CN23 customs declarations? You need to use CN22 and CN23 customs declarations each time you ship a parcel outside the European Union border to a country not subject to free trade agreements. When sending and receiving goods within EU states, CN22 and CN23 customs forms are not required. However, you need these forms in the following cases: When shipping goods to an EU nation’s overseas region, such as Melilla and Ceuta, that is a member of the EU but not the Customs Union.   When shipping goods to EU countries’ overseas regions, such as the Canary Islands, that are members of the Customs Union and EU but have different VAT regulations. Information required for CN22 and CN23 customs declaration forms It is essential to fill out the following mandatory fields in the customs forms: Name and address of the sender Type and accurate description of goods Weight, value, and quantity of each good Total weight, value, and quantity Country of origin VAT registered number of EORI HS tariff number Sender’s signature Name and address of the recipient Automating CN22 and CN23 customs declaration Completing CN22 and CN23 manually is very tedious and might be mistake-prone, resulting in fines, delays, or even seized shipments. To tackle these issues, iCustoms has developed AI-driven Customs Declaration Software (CDS) that automates these processes. Here’s how iCustoms’ CDS automates CN22 and CN23 declarations 1. Integration of data Our CDS captures real-time data and relevant information, such as product descriptions, sender and recipient names and addresses, weights, and quantities, and directly routes it to customs documents. It enhances productivity and reduces manual work, particularly when you have bulk shipments. 2. Selecting the correct form to utilise The CDS automatically calculates if a CN22 or CN23 form is needed based on the pre-populated shipment weight and value from your integrated platform. 3. Automated population: Completing the form electronically The relevant fields on the related CN22 or CN23 form inside your CDS are automatically filled in with the pre-populated data from your integrated systems. This comprises: Information about the sender and recipient (names, phone numbers, addresses) Descriptions of the goodsTotal numbers of goods being transported Weight of the shipment Value of the shipment 4. Classifying your goods with HS code lookup As per the WCO, “More than 98% of the goods are classified according to the harmonised system in international trade.” iCustoms’ sophisticated tool, i.e., iClassification, automatically provides the correct HS code for the goods, eliminating the hassle of manually finding the accurate code. 5. Before sending, review and submit the final checks Even though automation handles the majority of the work, iCustoms involves a human-in-the-loop factor to carefully check the pre-filled data before electronically submitting the CN22 or CN23. This ensures accuracy and removes any discrepancies. Benefits of automated CN22 and CN23 customs declarations Enhanced efficiency: Integrate CDS with your current shipping software to automate data entry. In the customs forms, data such as values, item descriptions, and sender/receiver addresses can be automatically filled in.   Decreased errors: By utilising automation, you may do away with human data entering mistakes. This guarantees precise and consistent data for your customs declarations.   Faster processing: Customs officials frequently process electronically submitted declarations through CDS more quickly than they do paper forms.   Compliance assurance: By ensuring that your declarations adhere to the most recent rules, CDS can significantly lower the possibility of encountering customs-related problems. Takeaways Simplify your international shipping by automating CN22 and CN23 declarations with CDS, and reduce the chance of mistakes and delays. You can concentrate on expanding your business while letting our CDS handle quick and legal customs clearance for your global shipments. By integrating iCustoms’ CDS

AIS Explained: A Guide to Ireland’s Automated Import System (2024)

AIS Explained: A Guide to Ireland’s Automated Import System (2024) Many businesses deal with importing goods into Ireland. Navigating the customs procedures of Ireland can occasionally be difficult and time-consuming, particularly for novice traders. Piles of paperwork, long delays, and complicated customs declaration procedures hold you back. Thankfully, Ireland’s Automated Import System (AIS) makes the process a lot simpler. Since its introduction in November 2020, the AIS has emerged as the main electronic means of submitting customs declarations. Have you ever spent hours filling out countless forms, only to worry that you may have made a mistake? With the AIS, those concerns are a thing of the past. What research says about automation platforms: Did you know that 94% of businesses carry out labour-intensive, repetitive tasks? This can be a significant drain on productivity, particularly in the international trading sector. Fortunately, automation provides a solution; kissflow studies show that it has improved jobs for 90% of workers while increasing productivity by 66%. This blog serves as a comprehensive guide to understanding and utilising the AIS in 2024. What is an AIS system? When goods are imported from non-EU nations to Ireland, they require electronic delcaration through the Automated Import System of Ireland’s customs authority. The AIS system oversees data processing, validation, customs declaration, and duty accounting. Also, it makes sure that the products are imported legally, saving you from unexpected fines or penalties. Why is the AIS import system important? The significance of AIS cannot be denied, it assists you in the following ways: Increased efficiency: The Automated Import System replaces the requirement for paper-based customs declarations with an automated system, saving you time and resources.   Mistake reduction: When filing customs declarations manually, there is a chance of mistakes. Incorrect information may lead to further investigations, fines, or delays. However, with AIS in place, data is validated prior to submission, guaranteeing an error-free procedure. Cost optimisation: Customs delays may lead to significant hidden costs. You can prevent these expenses by using the AIS, which makes the clearing procedure faster and more effective.   Increased transparency: AIS provides a clear picture of import procedures. With the ability to electronically track the status of your shipment, your company can better allocate the plans ahead. This transparency improves your overall experience, giving you control over your imports. Feeling overwhelmed by the transition to Ireland’s Automated Import System? Ensure smooth data transfer and error-free declarations with iCustoms! Setting up your business to use AIS The secret to a seamless import process in Ireland is the Automated Import System. However, before you get started, let’s discuss how to set up your company to use the AIS efficiently. Choosing an external software provider A lot of businesses provide custom software that is compatible with AIS. This option relieves the pressure of internal development and may be more economical. But be sure to do your homework and pick a reliable supplier that sells software made especially for the AIS. This is when iCustoms becomes useful! We at iCustoms are committed to making customs procedures easier for companies just like yours. We provide a powerful and intuitive AIS-compatible software system that will simplify your Irish imports. If you choose the customs agent: If you decide to entrust the customs agent with handling your import documentation, make sure their software syncs with the AIS. This will eliminate possible data inconsistencies and ensure smooth communication. Here comes the customs declaration software of iCustoms for customs brokers, which makes sure that it can easily integrate with your system, providing you a seamless trading experience. Why choose iCustoms as your partner for the Automated Import System? Design for AIS: Our software was created to interact with the Automated Import System in a seamless manner, guaranteeing smooth data transfer and effective processing. AI-powered accuracy: iCustoms reduces the possibility of mistakes in your customs declarations by using cutting-edge AI technology. User-friendly design: Even for people who are not familiar with customs procedures, navigating the AIS is a snap because of our user-friendly design. All-inclusive assistance: From setup to continuous assistance, our committed team of professionals is ready to help you at every turn. Tired of import delays and rising costs eating into your profits? Reduce errors, save time, and gain complete transparency in your shipments with iCustoms’ comprehensive solution. How iCustoms can benefit you: Cust costs: You can save a lot of money and time by doing away with the need for internal software development and training. Boost efficiency: Our intuitive software and accuracy driven by AI will help you streamline your import procedure. Reduce time spent: Using our integrated validation capabilities, you can steer clear of mistakes and any delays at customs. Get peace of mind: You may relax knowing that you have a trustworthy ally at your side to guide you confidently through the AIS. Takeaways The Automated Import System (AIS) has transformed the import process in Ireland. By employing this easily navigable electronic system, businesses may guarantee a seamless and effective cross-border movement of commodities. Businesses can have a thorough understanding of the AIS and its features by utilising the data offered by Revenue, which will speed up clearances and save expenses. Ready to simplify imports into Ireland? Make iCustoms your reliable partner. To assist businesses in navigating the AIS and guarantee a seamless import procedure, we provide a range of services. To find out more about how we can help you save time and money on your imports, get in touch with us right now. Unleash the Power of Streamlined AIS Imports! Get Your Free iCustoms Demo Today FAQs What does the AIS do? The AIS (Automated Import System) handles data processing, validation, clearance of import declarations, and duty calculation. How to import goods to Ireland? When importing goods from a non-EU nation to an EU nation, you will require an EORI number, which is needed before clearing customs. Additionally, you must submit an electronic declaration to Irish customs via Customs Declaration Software (CDS). What are the rules

The Power of Artificial Intelligence: Impact on Customs Operations​

The Power of Artificial Intelligence: Impact on Customs Operations​ We live on the verge of the 21st century, an era of adventure, exposure, technology, innovation, and advancement.  Artificial intelligence has covered the world, regardless of the field; it tries to bring comfort to people. All fields use AI to enhance their research and compete in a growing world. A study shows, “With a compound annual growth rate (CAGR) of 28.46%, the worldwide artificial intelligence (AI) market is expected to reach an astounding $1.81 trillion by 2030.” This remarkable rise is indicative of AI’s ability to completely revolutionise a wide range of industries, including customs processes. Integrating AI into customs processes can significantly shorten shipment clearance times. This results in decreased expenses, quicker product transportation, and an improved environment for international trade. Customs operations enable international trade and provide security and compliance in a globalised society. AI has transformed customs processes, improving efficiency, accuracy, and security. This post will examine AI’s impact on customs operations and its prospective uses in this vital sector. Increasing accuracy and efficiency Systems powered by AI technology have significantly increased operational efficiency. AI-enabled procedures show up to a 40% reduction in the time required to clear shipments, according to statistical data that indicates a considerable reduction in processing times. Furthermore, It is anticipated that supply chain management, transportation, and warehousing expenses will drop by 25 to 40% and 5 to 10%, respectively. Artificial Intelligence in Customs Similar to all businesses, customs trade has also made its branches stronger and wider by using the best artificial intelligence softwares. The customs trade has spread by leaps and bounds across the world. Customs trade uses the smart setup that different businesses are developing to support the traders and help them effectively trade. Automated intelligence specifies methods to expand and broaden its ways of providing facilities to traders. It drives expertise in every customs declaration process so that trade becomes easy and convenient. Artificial Intelligence Customs Software The artificial intelligence trading software regulates the goods’ flow and processing by following these basic steps to establish a good declaration experience for the trader. AI-based risk assessment AI business improves customs risk evaluations. Using machine learning algorithms, customs officials may analyse trade data, identify risk indicators, and spot irregularities. They can prioritise inspections on high-risk cargoes, enhancing operating efficiency and lowering delays for low-risk consignments. AI-powered risk assessment and profiling boost trade facilitation and security. Trade compliance and documentation automation Artificial intelligence (AI) services automate trade document analysis and regulatory compliance. AI systems can quickly identify non-compliance concerns in invoices, customs declarations, and other documents using natural language processing and machine learning methods. Automation speeds up customs clearance, lowers errors, and streamlines trade processes. Struggling to find the right HS code for your products? Experience hassle-free HS code identification and reduce the risk of penalties with iClassification! Learn More! AI-based cargo scanning AI-powered cargo inspection and scanning improve customs security. AI-trained computer vision algorithms can accurately identify contraband and dangers in X-ray and scanning images. AI technology automates cargo screening, increasing security and efficiency. Trade facilitation AI-enabled trade facilitation technologies streamline customs. Virtual assistants, chatbots, and AI-driven customer care systems can help traders with questions, customs procedures, and communication with authorities in real time. Intelligent solutions improve the customer experience, eliminate manual involvement, and streamline trade procedures to improve international trade. Customs predictive analytics AI-driven predictive analytics help customs officials plan and allocate resources. AI algorithms analyse past trade data, market trends, and external factors to estimate trade volumes, detect bottleneck locations, and optimise operational resources. Data-driven customs operations are more efficient, faster, and better. Tired of spending hours on manual product classification? Let iClassification automate it for you, ensuring faster customs! Learn More! Uses of Artificial Intelligence for Customs Trader Artificial intelligence in business provides multiple advantages to its entrepreneurs, which support the business and play a vital role in expanding it. For instance, every businessman avails of the opportunities that the growing AI platforms provide. Limiting ourselves to customs provides many advantages to customs traders, such as: Trade facilitation AI can automate customs declarations and compliance inspections. AI can extract essential information from trade documents, check data accuracy, and streamline customs processing using Natural Language Processing (NLP). Tariffs and value AI algorithms aid tariff classification and valuation. AI can assess product descriptions, photos, and specs to establish the Harmonised System (HS) code and value, ensuring customs compliance and precise duty computations. Risk and compliance AI can estimate risk by analysing trade records, financial data, and customs declarations. AI can help customs officials detect high-risk cargo and dealers and enforce trade restrictions by finding patterns and anomalies. Fraud detection AI systems can spot smuggling, misdeclaration, and invoice fraud. AI can detect abnormalities in trade data, financial transactions, and historical patterns and alert customs authorities to probable fraud, improving enforcement and preventing illicit trade. Supply chain monitoring Automated AI can track things across the supply chain. AI can assure supply chain integrity and visibility by integrating data from IoT devices, GPS tracking, and trade documentation. Trade analysis Artificial intelligence can draw insights and patterns from customs databases, market reports, and trade statistics. Customs traders can use this information to make decisions, find market opportunities, and optimise their trading tactics. Is iCustoms Software an AI-solution? For customs clearance, iCustoms is the best approach for various reasons. It is highly anticipated and is registered with HMRC. iCustoms uses modernised AI to provide CDS services to traders. The major approaches it provides include Artificial Intelligence HS code lookup To provide accurate HS code with respect to object Customs Declaration Uses AI based technology such as IDP for customs document OCR and submission Tax calculator Calculates the area specimen taxes to be paid via products Rule Engine iCustoms Rule engine uses AI solutions in maintain ease for its customers iClassification A major component to use artificial intelligence in classifying the goods iCustoms is upgrading itself in the growing artificial world to provide better services to

How to Choose the Best Import Export Management Software for Your Business

How to Choose the Best Import Export Management Software for Your Business The international trading world is undergoing digital revolutions, and the involvement of import/export management software is increasing day by day. This software increases efficiency, streamlines processes, and enables businesses to make data-driven decisions. A recent study by Verified Market Reports estimated that “The Business Management Software (import/export management software) industry would only be worth USD 0.100 billion in 2023. But that’s only the start. According to the same estimate, the industry would increase at an astounding rate and reach a stunning USD 266 billion by the end of 2030. This represents a 15% Compound Annual Growth Rate (CAGR) and a surprising move in the direction of software-driven business management.” This study highlights the importance of import/export management software for the trading industry. The right import-export management software for your business can greatly impact your logistics career. Whether you are an importer, exporter, customs broker, freight broker, retailer, or manufacturer, a software solution will be required to manage customs documents, shipments, duties and taxes, and compliance. Choosing the software that best aligns with your business needs may be challenging. However, keep your worries aside; we are here to equip you with the best tips to help you choose the best one. 5 factors to consider when choosing import export management software The following factors will help you choose the best import and export software for your business: Assess your business requirements Each trade management software product has a distinct set of features tailored to address specific issues. Consequently, put your company’s objectives in writing so that you can select the software that best suits your needs. Before you begin looking for import export management software, you should have a clear understanding of what your company requires. Consider the following inquiries: Determine your goals, objectives, and expectations Does your business carry out imports, exports or both List down the challenges you face in trading and customs declarations operations What functions and features do you need the most Define your security and scalability requirements These questions will help you prioritise your criteria and narrow down your questions. Ease of use and change management Incorporating a new software solution in the business setup should not complicate the existing things for everyone involved in the organisation. Out-dated softwares often requires more manual work and training, which renders it difficult to integrate into the current system. However, modern AI-powered customs declaration and management software, like one provided by iCustoms, have such built-in features that make migrating easier and smoother. While choosing the new import-export management software, consider the following questions to determine its ease of use: Is the new import management software easy to learn and intuitive? How long will it take for your employees to understand, learn, and use new software? To make the right decisions, we highly recommend booking a demo with us and getting a guided tour of our software. Moreover, you’ll also get the opportunity to talk to our experts and ask about the above questions and any other queries you may have. Features Keep the following features in mind while choosing the trade management solution: Landed cost calculation and tracking This feature helps you calculate customs duties, taxes, and other relevant costs with exceptional accuracy, saving you from any unexpected fines and penalties. Thus, it is an essential feature to consider in your import and export ERP software. iCustoms, a leading customs declarations software, offers a specialised feature, “iCalculator,” particularly dedicated to calculating taxes and duties. Compliance management Failing to comply with the import and export regulations defined by HMRC may lead to delays, fines, and even freight holding. Hence, choose software that automates customs processes to stay in compliance with the updated customs rules and regulations. Customs Declaration Software by iCustoms guarantees adherence to international trade’s continuously evolving regulatory requirements, making trading a breeze for importers and exporters. Real-time visibility Tracking the movement of your products from origin to destination allows for improved communication with clients and proactive problem-solving. iCustoms provides real-time visibility that transforms and revolutionises the management and optimisation of the supply chain by providing people with the status of their shipments. Flexibility and scalability The majority of trading firms need a variety of tools to manage various business divisions. Traders frequently collaborate with supply chain associates, clients, and partners to exchange crucial data and information. In order to assist you in automating processes, eliminating repetitive tasks, and developing your business without increasing your manual workload, it is crucial that your software be simple to link with your other tools. You ought to think about the following: Are there built-in integrations between the software and the tools you use? Does the software offer a properly documented application programming interface (API) that can be integrated with any system, including old back-end systems, TMS, and ERP systems? Pricing You should be well-versed in the benefits that software can offer your company before assessing its price. Price shouldn’t be the primary factor to consider; prioritise other factors, such as it should increase revenue and/or save money for your company by increasing sales and revenue or by saving you time and reducing operating expenses. Consider the following questions: Does the software provider offer a free demo?Is the pricing customisable? Is the software transactional-based, or does it require a subscription? iCustoms provides exceptional transparency when it comes to pricing. You can also get a free demo to test our services and customise the price according to your needs. Takeaways Traders may find it challenging to choose the right import-export management software due to the many solutions available on the market. It is always best to do research, assess your business needs, and check the features, scalability, flexibility, and pricing before making the final decision. Select the one that meets all of these specifications, like iCustoms; it is one of its kind, providing users with the utmost precision, unparalleled performance, and trustworthy outcomes. To test it out, book a demo right

Trade Compliance News – June 2024

Trade Compliance News – June 2024 Industry pushes for Digital, Green future This year’s Multimodal event buzzed with the energy of leading freight experts convening to address the industry’s most pressing issues. While rising freight rates and geopolitical tensions cast a shadow, the focus remained firmly on solutions. Technology emerged as a beacon of hope, with forwarders, carriers, and suppliers actively exchanging ideas on trade digitalization. It was clear that leveraging technology is seen as a key weapon in the fight against future challenges. While embracing technology presents hurdles, the freight industry, traditionally reliant on paper-based processes, recognizes it as an essential step forward.The game has even changed for winning tenders. Forwarders and third-party logistics providers must now demonstrate a comprehensive approach to sustainable transport. Every detail matters, from carbon offset programs to fuel types and even truck idling times. Read More Brexit Bite: UK Clothing Sales to EU Suffer as Exporters Struggle with Regulations A new study reveals a steep decline in UK clothing and footwear exports to the EU since Brexit. The culprit? Complex border regulations and red tape, deterring businesses from shipping across the Channel. Exports have plummeted from £7.4 billion in 2019 to £2.7 billion in 2023. Brexit regulations are deterring businesses from shipping goods, leading to a £4.7 billion drop in sales since 2019. Brexit’s impact goes beyond clothing. The UK has seen an 18% decrease in all non-food exports to the EU single market, with small and medium-sized firms feeling the brunt of the red tape burden. Despite a thriving European e-commerce market, UK businesses are missing out due to Brexit hurdles. This decline in exports suggests a missed opportunity for British brands and retailers. This slump isn’t limited to clothing – it’s contributing to an 18% drop in overall non-food good exports to the EU single market. Worryingly, this decline comes despite a booming European e-commerce market, suggesting UK businesses are missing out on a golden opportunity. Learn More US Cracks Down on E-commerce Loopholes, EU Scrambles to Catch Up The US is tightening its grip on Chinese e-commerce shipments with increased inspections, causing delays but aiming to stop the abuse of import rules. Meanwhile, Europe faces a looming crisis: a surge in undervalued e-commerce parcels and a lack of enforcement capacity. The EU acknowledges it’s on the brink of being overwhelmed by e-commerce volumes. Their upcoming customs reform aims to close loopholes, including eliminating the duty-free threshold below €150. However, stricter enforcement remains a hurdle for the future. E-commerce powerhouse Shein, which is trying to expand its market share before going public, and Chinese-owned e-retailer Temu (PDD.O) opens new tab depend on the expedited clearance process, which is available for direct-to-consumer shipments valued at $800 or less. U.S. brokers handling those packages submit shipping information electronically to CBP, speeding up processing. Read More Election Uncertainty: Will UK Supply Chain Face a Bumpy Road Ahead? With the election set to dominate headlines for the weeks to come, what impact will the election have on the UK logistics sector and how might supply chains be affected by the results of the vote on 4 July? Policies introduced by the new government could affect trade regulations, tariffs, and customs procedures, which are crucial for smooth and seamless trade operations. Changes in trade agreements or regulatory frameworks could then lead to disruptions or require adjustments in how goods are transported and managed across borders. There may be new trade and compliance requirements, impacting efficiency and operational costs. Moreover, the election outcome could influence investment in infrastructure and technology within the logistics sector. If the new government prioritises improvements in transportation infrastructure or incentivizes the adoption of advanced logistics technologies, it could enhance the sector’s efficiency and capacity. Conversely, if there are delays in policy implementation or uncertainty in the regulatory environment, it could hinder planning and investment decisions. Overall, the logistics sector must stay agile and prepared to adapt to the potential shifts in policy and economic conditions that the election results on 4 July might bring. Find Out Here UK Food Exports Plummet to 15-Year Low, FDF Finds UK food export volumes have plummeted to levels not seen in the past 15 years, as reported by the Food and Drink Federation (FDF). New data from the industry body shows a significant drop in national food export volumes, down more than 20% year-on-year to 2.2 billion kilograms in the first quarter. This marks the lowest export levels since early 2021, when the UK food industry was adjusting to post-Brexit changes and still grappling with pandemic effects. The decline was primarily influenced by “several significant EU markets,” according to the FDF. Despite a 3.5% decrease in exports amounting to £1 billion, Ireland continues to be the UK’s top export market. Get Insights EU’s Flavour Ban May Create ‘Smoky Bacon’ Divide in UK Crisps Northern Irish crisp makers will be subject to an EU ban on smoke flavourings due to post-Brexit trading arrangements, potentially creating a “smoky bacon border” with Britain. The EU’s food safety authority cited toxicity concerns about eight smoke flavourings, including those used for smoky bacon crisps, stating these concerns were “either confirmed or can’t be ruled out.” Under the terms of the Windsor Framework, Northern Ireland continues to follow hundreds of EU rules and has access to the EU’s single market, unlike the rest of the UK. This means manufacturers like the crisp giant Tayto can’t use the affected smoke flavourings at their County Armagh headquarters in Northern Ireland. However, Tayto Group, which bought Golden Wonder in 2006, can still use these flavourings in smoky bacon crisps made at its British factories. Opponents of the Windsor Framework have criticised this “smoky bacon border,” arguing that it represents a loss of sovereignty in Northern Ireland. Read More You may also like: 20 June 2024 Trade Compliance News – June 2024 Read More 13 June 2024 From Finalist to Champion: iCustoms Wins Multimodal 2024 “Customs Technology Partner of the Year” Award! Read More 05 June

From Finalist to Champion: iCustoms Wins Multimodal 2024 “Customs Technology Partner of the Year” Award!

From Finalist to Champion: iCustoms Wins Multimodal 2024 “Customs Technology Partner of the Year” Award! We’re excited to disclose that iCustoms has not only been shortlisted but also chosen as the winner of the admired “Customs Technology Partner of the Year” award at the Multimodal 2024 Awards! This acknowledgement is a great honour and proof of our constant dedication to using AI to transform customs technology. The Importance of Winning the Multimodal Award Taking home the Multimodal 2024 “Customs Technology Partner of the Year” trophy is more than merely being acknowledged by the industry. This is why it is so valuable: Verification of Innovation: The Multimodal Awards are known for their stringent selection criteria. Winning shows that, in comparison to other industry leaders, our AI-powered solutions are genuinely novel and significant. Real-World Impact Recognised: The award criteria emphasise tangible results. Our success demonstrates how our solutions save organisations time and resources while improving trade compliance. A Mark of Industry Leadership: Being the winner establishes iCustoms as a pioneer in the field of customs technology. This enhances our standing and cultivates confidence among potential clients. The Road to Victory: A Rigorous Selection Procedure There were several steps in the procedure to earn the Multimodal Award: Nomination & Application: We filed a thorough application that highlighted our long-term goals, our AI solutions, and their effects on clients. Industry-Wide Voting & Shortlisting: After a thorough assessment procedure, industry professionals gave our application a positive vote, and we were chosen as finalists. Final Judging & Evaluation: A group of renowned judges from the trade and logistics industries participated in this round. They assessed our services, business culture, and overall impact on the sector. Celebrating the Victory: iCustoms Wins Big at Multimodal 2024! We’re excited to share a little bit of our team’s joy at winning the prestigious Multimodal 2024 Awards “Customs Technology Partner of the Year“! This picture shows the moment when the industry acknowledged our commitment to innovation and client success. A Catalyst for Ongoing Progress This honour serves as a launchpad for future success rather than an end line. At iCustoms, our goal is to provide businesses with the most effective and simple trade compliance solutions possible. Our unwavering dedication to continuous improvement is demonstrated by the way we consistently utilise the potential of artificial intelligence and machine learning to provide outstanding value to our clients. Trade’s Future Is Here: Powered by AI Winning the Multimodal 2024 “Customs Technology Partner of the Year” award is more than just an honour; it represents a powerful promise. It’s a pledge to never stop innovating and a promise that the revolutionary potential of AI-driven customs technology will continue to transform the landscape of trade. Ready to experience the power of AI? Find out how the innovative solutions from iCustoms can revolutionise the way your business operates. Discover our extensive array of AI-driven solutions and start your trade journey with greater ease and efficiency. Get in touch with us right now to arrange a free consultation and discover more about our award-winning solutions! Our achievement as Customs Technology Partner of the Year is evidence of our dedication to quality. You can now benefit from our experience at no cost! Watch a Demo with Award-Winning Experts! You may also like: 20 June 2024 Trade Compliance News – June 2024 Read More 13 June 2024 From Finalist to Champion: iCustoms Wins Multimodal 2024 “Customs Technology Partner of the Year” Award! Read More 05 June 2024 Trade Compliance News – June 2024 Read More 20 May 2024 Trade Compliance News – May 2024 Read More 14 May 2024 Beyond Recognition: The Significance of Our Multimodal 2024 Finalist Status Read More About iCustoms iCustoms is an all-in-one solution helping businesses automate customs processes more efficiently. With AI-powered and machine-learning capabilities, iCustoms is designed to streamline your all customs procedures in a few minutes, cut additional costs and save time. Start Now Solutions Customs Agents Traders Couriers Products Import Export Classification Customs Automation Customs Audit Landed Cost Calculation iNCTS Document Management Software

Customs Declaration Service (CDS) FAQs

Customs Declaration Service (CDS) FAQs The Customs Declaration Service (CDS) is a new system introduced by the UK Government to support customs declarations for imports and exports. This piece of content will answer the common questions asked by people regarding CDS: What is a CDS system? The customs declaration system (CDS) is the UK Government’s electronic system for handling the customs declaration procedures for all imports and exports. HMRC has introduced this system to replace the outdated CHIEF in various stages. Visit these pages to learn more about the CDS system: CDS for importsCDS for exports When should you do a custom declaration? You should do a customs declaration in the following cases: When sending goods outside the UK from Wales, England or Scotland. When sending goods to any non-EU location from Northern Ireland. When sending goods to EU locations from Northern Ireland. When did CHIEF change to CDS? CHIEF was changed to CDS by HMRC on 30 September 2022, shifting all the customs declarations to this electronic platform. Why is CHIEF being replaced with CDS? HMRC is replacing CHIEF with CDS because of its complexity and inefficiency in complying with updated European Union customs regulations and requirements, particularly the Union Customs Code. CDS is more flexible and is capable of scaling with the growth of global trade, making it preferable to CHIEF. Can you do customs declarations online? Yes, you can do customs declarations online with the help of iCustoms’ specialised AI-driven Customs Declaration Software. What is the deadline for exporters to migrate from CHIEF to CDS? Exporters have until June 4, 2024, to migrate from CHIEF to CDS. Once this date passes, HMRC will no longer accept export declarations using CHIEF. Do all importers need to register for CDS? Yes, all the importers need to register for CDS, even if you aren’t doing customs declarations yourself. What needs to be declared at UK customs? You must declare the following goods at UK customs: Having value more than £873 Weigh more than 1000 kg Excise goods Goods require licence Restricted goods What documents do I need when importing to the UK? The following documents are required when importing goods to the UK: Bill of lading EORI number Commercial invoice Packing list Bill of entry You may also need the following ones: Certificate of origin CE certificate Certificate for port health Test certificate MSDS (Material safety data sheet) Import or export licenses What are the new UK duty-free limits? As per the Government of the UK, you can bring goods worth up to £390 without paying duty or tax. Nonetheless, a passenger’s allowance for goods is limited to £270 when they travel for pleasure by private aircraft or boat. Do I need CDS software if my customs clearance is done by a broker? You’ll not need Customs Declaration Software (CDS) when using a third party, such as a customs broker or agent, to submit a declaration. iCustoms provides CDS for customs brokers to automate the procedure. Is CDS based on the UCC rules? The Customs Declaration Software (CDS) is based on the Union Customs Code (UCC) rules, which are interpreted and implemented by the United Kingdom’s laws. The customs clearance request and CDS declaration instructions explain how to fill out a customs declaration following the UCC rules. How do CHIEF and CDS Procedure Codes differ? Customs Procedure Codes (CPCs) in CHIEF have a 7-digit code for a product, while CDS Procedure Codes consist of two parts; the first part has a 4-digit code, and the second has up to 99 3-digit code for a single item. How can I validate my data before submitting a customs declaration? Customs compliance software performs basic data validation; it checks inconsistencies, missing fields, and invalid formats. How can I stay updated on technical changes to CDS? HMRC provides regular updates to its online resources and guidance. You can subscribe to email alerts for updates on the CDS: https://www.gov.uk/government/collections/hmrc-webinars-email-alerts-and-videos You may also like: 20 June 2024 Trade Compliance News – June 2024 Read More 13 June 2024 The Power of Artificial Intelligence: Impact on Customs Operations Read More 13 June 2024 From Finalist to Champion: iCustoms Wins Multimodal 2024 “Customs Technology Partner of the Year” Award! Read More 11 June 2024 Customs Declaration Service (CDS) FAQs Read More 05 June 2024 Trade Compliance News – June 2024 Read More About iCustoms iCustoms is an all-in-one solution helping businesses automate customs processes more efficiently. With AI-powered and machine-learning capabilities, iCustoms is designed to streamline your all customs procedures in a few minutes, cut additional costs and save time. Start Now Solutions Customs Agents Traders Couriers Products Import Export Classification Intelligent Document Processing Landed Cost Calculation

Trade Compliance News – June 2024

Trade Compliance News – June 2024 General Election 2024: How Will it Impact Trade? Prime Minister Rishi Sunak has announced the date of the next election, ending months of speculation about when the UK would head to the polls. With the date set, we turn our attention to the future of UK trade policy. Several high-profile trade negotiations are ongoing but are likely to be paused until after the election. Notably, the UK-India talks have encountered delays, as both countries are now in election seasons. A fifth round of negotiations on the Switzerland-UK trade deal was planned for “early Summer 2024,” but this might be postponed, with talks with the Gulf Cooperation Council and Turkey also expected to face similar delays. David Henig, director of the UK Trade Policy Project, told Politico Morning Trade that some of these agreements could be reviewed: “If there is to be a change of administration, I’d expect Labour to review these and all other negotiations against broader objectives, and potentially put greater focus on negotiations with the EU, Switzerland, and Turkey.” The Independent reported that senior Labour MPs, including shadow exports minister Tan Dhesi and shadow immigration minister Stephen Kinnock, attended a meeting of the US right-wing think tank Heritage Foundation, possibly signalling Labour’s openness to working on a UK-US trade deal. Read More Brexit-Hit Businesses Demand Labour and Tories Cut EU Tariffs to Boost Trade The British Chambers of Commerce (BCC) has called for urgent action to improve the UK’s trading relationship with the EU, as Brexit has increased costs and complicated exports. In its election manifesto published on Tuesday, the BCC outlines a five-point plan to boost economic growth, emphasising the need for better relations with the EU. The manifesto states that Brexit has made it “more expensive and bureaucratic to sell our goods and services across the Channel” but also highlights that improved terms could help firms trade more efficiently. The BCC’s five demands for the next UK government, to be elected on July 4, include a focus on reducing tariffs and easing trade barriers with the EU to support British businesses. Learn More The Future of Northern Ireland Export is Looking Bright Northern Ireland has yet to fully realise its potential in the export market, according to business leaders.The Republic of Ireland, the EU26 and North America are likely to be key export destinations in the decades ahead however there are obstacles to overcome in NI before businesses reach their full export potential A recent report from Heathrow, Exporting Excellence – Spotlight on Northern Ireland, created with the help of the NI Chamber, found that 7,708 businesses across Northern Ireland export goods. Additionally, the report identified another 7,700 small and medium-sized businesses that have the potential to export but currently do not. The most recent Northern Ireland Economic Trade Statistics (NIETS) reveal that in 2022, 65.9% of total sales by businesses in Northern Ireland were within the region. Some 18.5% were within Great Britain, while only 15.6% (£13.3 billion) were exports to markets outside the UK. Read More CMA CGM Pays $1.975m Fine for Overcharging on Freight French liner CMA CGM incurred the largest fine, paying $1.975 million to resolve allegations that it over-broadly defined and applied its definition of “merchant” in a bill of lading, demanding payment from a third party who should not have been billed. In addition to the French shipping company, two other companies have paid smaller fines to the Federal Maritime Commission (FMC) in the US. These settlements reflect the FMC’s ongoing efforts to enforce regulations and ensure fair business practices in the maritime industry. Learn More EU signs off Mercury Import/ Export Ban The Council has passed a regulation that comprehensively bans and prohibits the manufacturing, import, and export of other mercury-added products. Traders were surprised when they had to deal with more checks than anticipated and some lorries had been held for hours before being waved on without inspection. Exporting dental amalgam will be prohibited from 1 January 2025; the ban on manufacturing and import in the EU will apply from 1 July 2026. Mercury-containing lamps will also be made subject to a manufacturing, import and export ban as from 31 December 2025 and 31 December 2026. Learn More Council Adopts New Regulations on SoHO The Council has adopted new rules aimed at improving the safety and quality of blood, tissues, and cells used in healthcare, as well as facilitating their cross-border circulation within the EU. Under the new regulation, member states may choose to apply stricter measures to protect their citizens. In addition to improving quality and safety, the regulation aims to increase harmonisation and facilitate cross-border exchanges and access to substances of human origin (SoHO) by: Setting up an EU-level SoHO coordination board to support member states in implementing the regulation. Introducing common EU-wide procedures for the authorisation and assessment of SoHO preparations. Requiring member states to designate a SoHO national authority and other competent authorities to authorise SoHO preparations and ensure independent and transparent oversight of SoHO-related activities. Setting out additional authorisation and inspection requirements for establishments that process, store, release, import, or export substances of human origin. Establishing a new common IT platform, the EU SoHO platform, to register and exchange information on related activities. The regulation will now be signed by both the Council and the European Parliament and will enter into force following its publication in the EU’s Official Journal. Read More Our latest issue keeps you in the loop with the latest customs & trade news, plus some exciting company milestones. Keep reading to stay informed! You may also like: 05 June 2024 Trade Compliance News – June 2024 Read More 20 May 2024 Trade Compliance News – May 2024 Read More 14 May 2024 Beyond Recognition: The Significance of Our Multimodal 2024 Finalist Status Read More 02 May 2024 From Streamlined to Stalled? Solving Rule of Origin Challenges in UK Construction with iCustoms Read More 30 April 2024 Trade Compliance News – April 2024

Importing Goods into the UK: An Essential Guide

Importing Goods into the UK: An Essential Guide Is importing goods to the UK has been a hassle to you? You are not alone; it is common for traders to get stuck in import documentation, regulations, and expected expenses. Everything from selecting the shipping methods to clearing customs and calculating taxes needs meticulous attention and expertise, leaving traders with confusion and frustration. As per the World Options study, “The United Kingdom is the world’s 4th largest importing country, and it approximately has $823 billion import value yearly, including items like fuel, manufactured goods, foodstuff, machinery, etc. “ Similar to any other country, the United Kingdom has an appropriate method you must go through when importing goods. Fear not; we have come up with a detailed guide covering all you need to know about importing goods into the UK. Keep reading to equip yourself with the best strategies for importing to the UK and ensuring success. Comprehending the basics of importing goods into the UK Importing goods into the UK involves the movement of products from other countries to the United Kingdom. To accomplish this successfully, people need to follow a series of steps and must have a thorough understanding of the procedures involved, such as: Certifications and import licences Commodity codes Import regulations UK customs Taxes and duties Customs documentation International market Documents required for importing to the UK A lot of documents are needed while importing goods to the UK. The common ones are listed below: Must-have documents: Commercial invoice Bill of lading EORI number Packing list Documents you may need: Certificate of origin CE certificate Certification for port health Test certificates Import licences MSDS Certificate of authorisation How to import goods to the UK: All the steps involved Follow these steps to import goods into the UK seamlessly: Step 1: Select your shipping method The shipping method for the transportation of goods from their original country to the UK has a significant impact on the overall expenses. The following are the various shipping options you can consider: Road freight: Can be costly and slow due to added fuel and toll expenses.   Rail freight: Considered effective for RU, but there are very limited rail routes.   Sea freight: Very cost-effective but can be slower than other methods.   Air freight: Very costly but faster than all of the listed ones. Finding the most cost-effective and simple shipping method can be a daunting process for anyone new to global trade. To accomplish this task, you can get help from any freight forwarder company, which can help you choose the right method, negotiate the rates and track your shipment in real time. Step 2: Get an EORI number Economic Operators Registration and Identification (EORI) is a 12-digit code starting with a GB and is required when importing products into the UK. However, the EORI number may not be required when you are moving goods between Ireland and Northern Ireland or if you are running a service-based business. In case of the absence of an EORI number, you might face increased expenses and delayed shipments. To get an EORI number, you can apply on the govt. website, and it should be assigned to you within a week. Step 3: Ensure that the company sending goods can export to the UK The company sending the goods into the UK must need to: Have certificates or licenses to export goods to the UK Make an export declaration Checking what documents are required to enable your goods to reach the UK will help avoid unnecessary delays. Step 4: Check whether you need any certificate or license Importing specific goods requires certificates or licenses to pass the borders, such as: Plants and plant products Animals and animal products Chemicals Drugs Medicine High-risk goods Products having fluorinated gas Nuclear material Besides this, if you are importing manufacturing goods, food items, or plant seeds, you must ensure that the goods follow accurate marketing, labelling, and marking standards. Step 5: Agree on incoterms with the supplier In international trade, both the importer and the supplier must agree to a set of terms and conditions that establish their responsibilities, i.e., incoterms. Their significance in customs procedures cannot be overstated, as they determine who is liable for a specific customs obligation. For instance, if you are a non-UK-based business exporting goods under DDP incoterms from a European Union country, you are in charge of both the import into the UK and the export in the country of departure. On the other hand, you will not be responsible for either the import into the UK or the export in the country of dispatch if you are selling under EXW incoterms. Step 6: Check compliance with the importing rules The United Kingdom has a strict set of measures to promote fair trading and protect the environment, resulting in avoiding delays and legal penalties. These include: Product safety regulations: Traders must confirm that the products they are importing are properly labelled with the safety certifications and comply with the particular safety standards.   Trade-specific regulations: Some products may have specific regulations that you must comply with; for instance, pharmaceutical products require approval from the Medicines and Healthcare Products Regulatory Agency, while food items must comply with specific labelling standards.   Environmental regulations: The companies importing goods must be compliant with the rules and restrictions on packaging materials, waste management, and hazardous substances. Step 7: Choose the right software provider for import declaration Import declaration is the most important and critical step, as it holds many chances for mistakes. Although it can be performed on your own, it is suggested to hire a customs agent or use AI-driven customs declaration software. iCustoms – Premium customs declaration software provider To ensure accurate customs declarations, choose iCustoms’ AI-driven CDS and automate complex declaration procedures. You can get the following benefits from iCustoms’ CDS: Regulations enforcement: It ensures your shipments are rigorously compliant with the governing importing and exporting rules, saving you from fines and penalties.