Customs Duty Management
Customs Duty Management application is used by a multinational consumer goods corporation that imports raw materials from Asia and Europe into the UK.
This web application (integrated with SAP) helps the importer in benefiting from the HMRC customs import duty exemption for all raw materials imported from within Europe.
Client’s Challenge
Being a multinational consumer goods corporation, the customer imports raw materials from both Asian and European countries.
UK HMRC provides customs import duty exemption only for raw materials imported from Europe.
Hence, raw materials consumed by each plant need to be tracked to benefit from HMRC Import duty exemption.
Our Solutions
Our experts built a strong basement for a Web-based tool to obtain import & discharge data from SAP ERP.
The solution is flexible to manage ever-changing rules and features for discharging tax liability.
Features and Benefits
Importing and Maintaining SAP Data so that import of raw materials and plant utilisation data is made available in the web application for analysis.
Maintaining change logs for audit and reconciliation purposes.
Master data containing comodity code for raw materials and finished products, per material yield, vendor exclusions, material exclusions, End Use Authorisation, duty rates were maintained so that the data imported from SAP could be converted into meaningful information.
Maintaining all raw materials imports so that the duty liability can be discharged.
Freed up a few FTE Resources through automation.
Maintaining different Duty payment receipts payable to German and dutch authorities so that these can be reported to UK HMRC.
Cost avoidance: £12.4 million cost avoidance per year through import duty exemption
Generating Bill of discharge report listing all imports and discharges for each raw material per month so that all those can be submitted to UK HMRC.
Maintaining export shipments so that duty can be paid for these shipments which do not have tax exemption.
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