iCustoms launched the smart AI Import Control System 2 (ICS2) Compliance Platform All business entities based outside of the EU that transport products into or through the EU by air must adhere to Import Control System 2 as of March 1, 2023. (ICS2). This will be extended to encompass trade by rail, road, and marine… Continue reading iCustoms launched the smart AI Import Control System 2 (ICS2) Compliance Platform
Product Classification Made Easy: A Fast and Accurate Guide Within product classification in customs management, determining the precise tariff code for any item being imported or exported is one of the most crucial steps. As a universal identifier, this code assists in classifying goods according to their features and facilitates the calculation of duties and… Continue reading Product Classification Made Easy: A Fast and Accurate Guide
How does CDS Perform Duty & VAT Calculation? It’s crucial to comprehend how duty and VAT operate in international trade. VAT is a tax added on commodities sold inside specific territories, whereas duty is a charge imposed on goods coming into a country. It’s important to pay special attention to a variety of various elements… Continue reading How does CDS Perform Duty & VAT Calculation?
CDS: New Year Brings Efficient Trade The Customs Declaration Software CDS has generated a lot of buzz ever since it took the place of the previous system, CHIEF (Customs Handling of Import and Export Freight). The year 2024 marks the beginning of a new age of efficient trade, with more opportunities than ever before for imports… Continue reading CDS: New Year Brings Efficient Trade
All About Customs Clearance Software In the realm of international trade, customs clearance software serves as the most intimate tool for companies. It’s the digital genie that organises paperwork, automates tasks, and guarantees adherence to the intricate web of customs laws. According to a Customs Clearance report by the Federal of Small Businesses (FSB), “Small… Continue reading All About Customs Clearance Software
A Quick Guide to Customs Declaration Mastering customs declarations is crucial for seamless global trade, even amid their complexities. These declarations hold vital details about imported or exported goods, ensuring rule compliance and easing international transactions. Let’s delve into the key aspects of this procedure. What is a Customs Declarations? A legal document containing information… Continue reading A Quick Guide to Customs Declaration
Essentials of Import Control System (ICS2) and Its Impact on International Trade An import control system is a comprehensive framework of policies, procedures, and regulations employed by a government or any other entity to administer importing commodities into a particular country or region effectively. Adherence to international trade agreements, protection of domestic industries, and… Continue reading Are you ready for Import Control System Release 2?
5 Important Elements Of Customs Software Solution Generally, businesses overspend (by 41%) on software that contains features they never use. This issue can be addressed with customs software solution, which can provide bespoke solutions to fix this waste. A customs software solution is a specially designed computer program or system intended to automate and expedite… Continue reading 5 Important Elements Of Customs Software Solution
10 Ways Customs Software Solutions Can Help UK Businesses Customs software solutions refer to a type of software that is specifically designed to help businesses and organisations manage their customs declaration processes. These solutions typically include tools for tracking and managing customs documents, calculating duties and taxes, and facilitating communication with customs authorities. Customs software… Continue reading 10 Ways Customs Software Solutions Can Help UK Businesses
10 Top Benefits of Customs Management System With iCustoms A Customs management system is an AI tool for the advanced management of international trade. The software can manage the flow of goods across national borders and handle customs declarations. HMRC is the customs administrative authority of the UK, which has a working mechanism of CHIEF… Continue reading 10 Top Benefits of Customs Management System With iCustoms
