EU ICS2 and GB S&S Covered: ENS in 90 Seconds
Customs transit is a customs procedure that is used for the movement of goods between different customs territories (two or more) or two points of the same customs territory through another customs territory.
It allows temporary suspension of taxes, duties, or policy measures that apply to imports. In this way, it allows the formalities of customs clearance at the point of destination rather than point of entry.
There are different customs transit systems being used in the EU, including:
TIR (International road transit)
Union and common transit
NATO
ATA (Temporary admission)
Rhine waterways
Congratulations! This indicates that you have a well-established trade compliance procedure. Ongoing vigilance and expertise are necessary to achieve and maintain 100% compliance. Despite having comprehensive trade compliance knowledge, navigating the intricacies of import/export regulations can be difficult. Thus, consider getting assistance from industry leaders like iCustoms to serve as your reliable partner throughout the procedure.
Oh, that is alarming! Your answers show that you have some serious mishaps in your trade compliance policies. Reach out to iCustoms to cope with all the issues, whether it be unclear records, missing documents, or lack of established protocols, saving you from fines and penalties during an audit.
You’re halfway there! This figure demonstrates that you have the basic trade compliance procedures in place, but it still needs to be improved. iCustoms can assist you with clear agreements, easy documentation, HS code verification, or any other issue you may face.
Solid progress has been made! It is evident from your response that you have a stable grasp of important areas of compliance. However, there could be some other areas requiring additional attention, which may be internal audit procedures, anti-dumping duties, or others.