Free Trade Agreement (FTA) Compliance Strategies: A Must Read for UK Businesses International trade is governed by various rules, regulations, and trade agreements, and compliance with these requirements is crucial for businesses engaged in global trade. Free trade agreements (FTAs) are no exception, and understanding their impact on trade compliance is essential for UK businesses… Continue reading Free Trade Agreement (FTA) Compliance Strategies: A Must Read for UK Businesses
What is Advanced Valuation Rulings (AVRS) | How can a business apply? The UK government has launched a new service called Advanced Valuation Rulings (AVRS) that enables businesses to obtain legally binding decisions from customs authorities on which valuation method to use when submitting a customs declaration. This new service is part of the… Continue reading What is Advanced Valuation Rulings (AVRS) | How can a business apply?
iCustoms.ai Joins ZEBOX Accelerate Program to Revolutionise the Trade Compliance Industry Press Release iCustoms, the trade compliance automation platform that makes cross-border trade easy, is pleased to announce its participation in the Accelerate program designed by ZEBOX, a global accelerator especially focused on supply chain innovation in the transportation, logistics, and energy realms, to further… Continue reading iCustoms.ai Joins ZEBOX Accelerate Program to Revolutionise the Trade Compliance Industry
Six months ago, HMRC CDS import became mandatory, and it’s been a roller coaster for many. Plus, a new border target operating model (TOM) is coming in October 2023.
iCustoms seek your valuable insights to share with Government departments including HMRC, trade bodies, and other stakeholders.
Your input is crucial in shaping these systems to meet business needs. Your responses will be confidential.
Don’t miss the chance to have your voice heard. Take a few minutes to complete the simple survey and make a difference. Thank you for your contribution
Trading goods from the United Kingdom to other parts of the European Union requires a smooth and reliable process. The UK government has created a new manifesto named as Global Vehicle Transportation Services (GVMS). This will make customs trading transport goods between Great Britain and Northern Ireland. This forum will lower the executive burden… Continue reading Goods Vehicle Movement Services GVMS |All you need to know
International trade involves complex customs processes and regulations that can significantly impact the efficiency and cost-effectiveness of a trader’s operations. While some traders may choose to outsource their customs function to external service providers, there are compelling reasons why bringing the customs function in-house can be beneficial. Traders involved in international trade often rely on… Continue reading 10 Reasons to Bring Customs Function in-house
The STOP Act of 2018 was a significant piece of legislation designed to combat the flow of synthetic opioids into the United States. The act requires foreign postal operators to provide 100% advance electronic data on shipments entering the U.S. via mail. This requirement aims to increase the transparency of the supply chain and prevent… Continue reading Impact of STOP Act 2.0: What Businesses Need to Know
The New Computerized Transit System (NCTS) has been a vital tool for companies engaged in international trade since its introduction in the late 1980s. Over the years, the system has undergone various updates and improvements, including the most recent upgrade from NCTS 4 to NCTS 5. All member countries of the Common Transit Convention (CTC)… Continue reading Upcoming Changes: NCTS4 vs NCTS5 – What Traders Need to Know Before November 2023
CDS (Customs declaration software) that is used to help individuals and businesses. In preparing and submitin customs declarations. These declarations are typically required when importing/exporting goods across international borders. They provide customs officials with important information about the goods being transported. Customs declaration software typically includes features like support for multiple languages, the ability to calculate duties and taxes, and the ability to generate and print customs forms. The use of CDS customs software can help streamline the customs process and ensure that declarations are completed accurately and efficiently.
These companies offer a range of different CDS systems, with varying features and capabilities. It’s important to research and compare different CDS providers to find the system that best meets the needs of your business.
Many CDS providers offer free trials or demos, so you can try out their software before making a decision. It’s also worth checking with your local customs authority to see if they have any recommendations for CDS providers.
Familiarize yourself with the CDS software and its features. This may involve reading the documentation provided by the manufacturer, attending training sessions, or working with a support team to learn how to use the system.
It’s also worth noting that using CDS customs software may require you to register with the relevant customs authority in your country and obtain any necessary licenses or permits. It’s important to check with your local customs office to ensure that you are in compliance with all relevant laws and regulations. Additionally, it’s important to regularly update the information in your CDS system to ensure that it remains accurate and up-to-date. It will ensure the accurate and efficient completion of customs declarations. And that your business remains in compliance with all relevant laws and regulations.
So start your journey and book a demo.
Write us with your questions at info@icustoms.ai
Heads up to all UK businesses with an XI EORI number! HM Revenue & Customs (HMRC) has recently announced that they will implement changes affecting businesses holding an XI EORI number. This move aims to ensure readiness for implementing the Northern Ireland Protocol. If you are a UK business with an XI EORI number and a GB… Continue reading Heads Up to UK Businesses with an XI EORI Number: HMRC Implements Changes for Northern Ireland Protocol Readiness
