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The future of trade compliance: How Generative AI is transforming the way we do business globally

During the past three months, the world has witnessed the revolutions of generative AI and ChatGPT. It demonstrated how businesses would create value for their customers. As trade rules become more complex and businesses have to deal with increasing amounts of data, generative AI will become a crucial tool for companies that must comply with… Continue reading The future of trade compliance: How Generative AI is transforming the way we do business globally

IDP (Intelligent Document Processing) | All you need to know!

Have you ever imagined a technology or an application that could process all of your documentation work in a matter of seconds? If you are still searching, take a break, let us give you the answer to that question with a single word, which is “intelligent document processing (IDP).” A method which will transform your… Continue reading IDP (Intelligent Document Processing) | All you need to know!

Windsor Framework impact on Customs: The devil is in the details

The Windsor Framework, which is a set of new arrangements proposed by the UK government to replace the Northern Ireland Protocol, has significant implications for customs in Northern Ireland. The Protocol, which was agreed as part of the UK’s withdrawal agreement from the EU, introduced customs checks and controls on goods moving between Great Britain… Continue reading Windsor Framework impact on Customs: The devil is in the details

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 organizations manage their customs processes. These solutions typically include tools for tracking and managing customs documents, calculating duties and taxes, and facilitating communication with customs authorities. Customs software solutions can help businesses ensure compliance with customs regulations and… Continue reading 10 Ways Customs Software Solutions Can Help UK Businesses

5 Important Elements Of Customs Software Solution

Customs software solution is a specialised computer program and system that is designed to support and automate various customs-related processes, such as the processing of customs declarations, the calculation of duties and taxes, and the management of trade data. It can be used by customs agencies, businesses, and other organisations that are involved in international trade.… Continue reading 5 Important Elements Of Customs Software Solution

Are you ready for Import Control System Release 2?

An import control system is a set of policies, procedures, and regulations that a government or other organisation uses to regulate the import of goods into a country or region. The purpose of an import control system is to protect domestic industries, ensure the safety and quality of imported goods, and comply with international trade… Continue reading Are you ready for Import Control System Release 2?

A Quick Guide to Customs Declaration

A customs declaration is a form that is used by individuals or businesses to declare the goods that they are importing or exporting when they cross international borders. It is required by customs authorities in order to assess duties and taxes on the goods, and to ensure that the goods are legal to import or… Continue reading A Quick Guide to Customs Declaration

All About Customs Clearance Software

Customs clearance softwares is a type of software that is used to facilitate the process of importing and exporting goods across international borders. It helps businesses and individuals manage the documentation and paperwork required by customs authorities to clear goods for entry into a country or for export out of a country.   The customs… Continue reading All About Customs Clearance Software

CDS: New Year Brings Efficient Trade

CDS (Customs Declaration Software) has been the talk of town since it replaced CHIEF (Customs Handling of Import and Export Freight). The year 2023 is going to be a year of efficient trade where imports & exports will be easier than ever before due to the introduction of customs declaration software. The software has the… Continue reading CDS: New Year Brings Efficient Trade

How does CDS Perform Duty & VAT Calculation?

Duty & VAT (Value-Added Tax) are taxes that may be levied on goods and services, respectively, in some countries. Duty is a tax on imported goods, while VAT is a tax on the sale of goods and services. To calculate the duty on imported goods, you will need to know the applicable duty rate for… Continue reading How does CDS Perform Duty & VAT Calculation?