Import / export: optimize and accelerate customs clearance
I want to reduce the timeframe for transit and customs clearance (at port and/or airport) for my imports and/or exports.
All my products - both export and import - are cleared by different forwarding agents.
As a result, I'm obliged to send sets of paperwork, and we are often subjected to customs controls which slow our international supply chain and distribution.
Our customs administration is time-consuming for my teams: matching customs and sales documents with our forwarding agents invoices before approving and sending them to the accounts department.
I would like to optimize my customs costs and improve my cash flow management.
- Can we handle customs formalities in our own warehouse?
- Do I have to recruit customs agents to do so?
- Could changing my customs organization help me manage my working capital better?
European customs regulations expert
Expert's answer
The ideal solution in your case is a Local Clearance Procedure (LCP) for which all the operations are handled by a single service provider.
As a result, your clearances would be centralized in your warehouse, which would greatly reduce your administrative workload.
By conducting a profitability benchmark of your operations, we will be able to confirm the financial, operational and trade advantages of an LCP for your activity.
