Tag Archive for: deadline

Aca International EU Customs taxes

EU Takes a Giant Leap towards Digitalizing Its Tax System

/in /by

Aca International EU Customs taxes

The European Union has taken a major step forward in the digitalization of its tax system with the announcement that all excise duty transactions in the EU have become fully electronic as of 13 February. This move is part of the EU’s ongoing efforts to modernize and streamline its tax systems, and it is expected to have significant benefits for businesses and consumers alike.

Excise duty is a tax that is imposed on certain goods, such as alcohol, tobacco, and energy products. In the past, businesses had to file paper-based excise duty returns and pay their taxes using traditional payment methods. This process was often time-consuming and cumbersome, and it created a significant administrative burden for both businesses and tax authorities.

With the transition to fully electronic excise duty transactions, businesses can now file their returns and make their payments online using the EU’s Excise Movement and Control System (EMCS). This system allows businesses to track their excise goods in real-time and to receive instant notifications when their goods have been released or detained.

The move to electronic excise duty transactions is expected to have significant benefits for businesses. It will reduce the administrative burden associated with filing paper-based returns and making traditional payments, and it will help businesses to streamline their operations and reduce their costs. Additionally, the real-time tracking provided by the EMCS will help businesses to better manage their supply chains and to improve their overall logistics processes.

Consumers are also expected to benefit from the move to electronic excise duty transactions. With the EMCS, consumers will have greater visibility into the supply chains of the products they purchase, which will help them to make more informed buying decisions. Additionally, the EMCS will help to reduce the likelihood of fraud and counterfeiting, which will improve the overall safety and quality of the products that consumers purchase.

In conclusion, the move to fully electronic excise duty transactions is a major milestone for the EU’s tax system. It is expected to have significant benefits for businesses and consumers alike, and it represents an important step forward in the digitalization of the EU’s economy. As the EU continues to modernize and streamline its tax systems, we can expect to see further benefits for businesses and consumers in the years to come.

If you have any queries call us at +353 1 533 7772 or email us at [email protected]. And visit our website, our facebook and Linkedin pages.

2023 Trends ACA

2023 Supply Chain trends and forces to watch (part 2)

/in /by

Supply Chain 2023 ACA

There are opportunities for supply chain professionals to thrive during this time of evolution, optimism, and innovation, and the emphasis will shift to greater decision-making and progress towards sustainability.

What key trends and forces will shape supply chains in 2023? Continuing on from our previous article, here is the second part of the list.

5 – Tools that are more agile and time-saving will replace Excel

It’s true that modern digital technologies are revolutionizing the way supply chain processes are being managed. From data-driven analytics to automated processes, these advancements are allowing businesses to improve their operations and optimize their supply chain in new and exciting ways.

6 – More than ever, supply chains must sense, plan, and execute changes quickly

To support the need for faster changes in supply chains, investing in the right technology is essential. Automation can help with the sensing, planning, and execution of changes, as well as provide real-time visibility into the supply chain.

7 – There is no longer a choice between speed and accuracy for supply chain planners

With the latest advancements in technology, it is now possible to have both speed and accuracy when it comes to planning and managing a supply chain. By utilizing automated processes and predictive analytics, supply chain planners can now make faster and more reliable decisions.

8 – Supply chains will be built digitally in order to empower people rather than replace them

Digital supply chains can empower people to do their jobs more efficiently and effectively. By automating manual processes, digital supply chains can save people time and money, while still allowing them to have control over the process.

If you have any queries call us at +353 1 533 7772 or email us at [email protected]. And visit our website, our facebook and Linkedin pages.

Custom Clearance - Trucks

Is life returning to normal for truckloads?

/in /by

Customs Clearance - Trucks2

The carrier’s executives continue to hope for the supply/demand equation to balance as inventory slowly rebuilds. Due to equipment and driver shortages, fleet growth remains limited. Is this recurring news a sign that things are getting back to normal?

 

After three years of being whipsawed by COVID-affected demand levels, the $332 billion full-truckload (TL) market is showing signs of returning to normal levels of “seasonality.”

“The truckload market is easing back to normal levels of growth,” says Avery Vise, vice president of trucking for Indianapolis-based research firm FTR. “We’re not seeing a glut of capacity. We’re heading back to stability, but stability at a level where shippers are happy about it.”

It would be ideal if there were exactly the right number of trucks deployed around the nation to haul exactly the right amount of freight at the right price to satisfy both shippers and carriers.

Ideally, yes. Since the pandemic, truckload capacity and freight levels have been unevenly matched. During the spring of 2020 economic shutdown, there was way too much capacity.

In the midst of crowded ports and freight piling up because of lack of drivers, truck capacity was buffeted by an unexpected surge in demand for some supplies.

If you have any queries call us at +353 1 533 7772 or email us at [email protected]. And visit our website, our facebook and Linkedin pages.

Blog 5 tips

5 cost-saving tips for reducing parcel rates

/in /by

Blog 5 tips

 

In recent years, parcel carriers have also experienced supply chain issues.

 

Increasing costs due to labor shortages, inclement weather, and numerous other disruptions have caused major parcel carriers to increase their rates. The ever-increasing rates make order fulfillment more expensive for e-commerce businesses. Shipping costs may feel like the only option for many online sellers.

The following tips may assist internet retailers in delaying price increases.

1) re-examine express shipments

You don’t have to ship everything express just because your customers want two-day delivery. You can maximize your parcel shipping budget by using express services only when necessary.

2) use lighter dunnage

Consider using lightweight dunnage, such as air pillows, if possible.

3) change free shipping options

Shipping costs can be passed on to your customers without reducing free shipping. Consider offering free standard ground shipping and adding a surcharge for two-day, one-day, and same-day shipping.

4) diversify your delivery model

Shop around to find the best deal.

5) add more warehouses

Expanding your warehouse footprint is the best way to combat rising parcel rates in 2022.

 

If you have any queries call us at +353 1 533 7772 or email us at [email protected]. And visit our website, our facebook and Linkedin pages.

Customs Clearance Service

The importance of product testing

/in /by

Customs Clearance Service

There is a global tide of protectionism that is revolving around the topic of crossing borders.

 

Each country has a large body of legal documentation, as well as agents enforcing regulations.

It is important to follow these rules for many reasons: preventing terrorism, ensuring consumer safety, balancing trade, and generating revenue.

To ensure goods are moved legally without complications, international trade is subject to numerous controls and regulations.

Nevertheless, goods of all kinds sometimes don’t get past checkpoints for several reasons, causing massive delays and ripples across supply chains – impacting the bottom lines of businesses.

The importance of proper product testing and documentation in global exports and imports is often underestimated by many.

As part of customs clearance, there are multiple government agencies involved – including the Consumer Product Safety Commission, the Food and Drug Administration, Customs and Border Protection, and Fish and Wildlife.

It is possible to have incorrect or incomplete documentation if testing and certification are not performed before goods are packed for shipment. Before the goods reach the consumer, this becomes a show stopper for global shippers.

There are stringent rules when it comes to product testing and compliance when products cross borders, whether they are tomatoes, wine, plastic toy soldiers, or nail clippers.

It is often the government that stops shady goods from slipping through the cracks without being properly tested.

If you have any queries call us at +353 1 533 7772 or email us at [email protected].

Freight Forwarding Guide

The Ultimate Guide for Freight Forwarding

/in /by

Freight Forwarding Guide

You can find all the information you need about freight forwarding on our website, whether you’re trying to book the service or find out exactly what our freight forwarding agents do.

 

Here is a four-question guide for clarifying your questions about Freight Forwarding.

  • What is Freight Forwarding?

Most importers and exporters use freight forwarding to arrange freight shipments. Licensed forwarders understand the end-to-end shipping process and can handle it on your behalf. In many ways, they are like travel agents for freight.

  • Freight Forwarding Services?

Prepare all the paperwork, make the bookings, arrange payments required for each sector of the shipment, provide a customs brokerage service, and troubleshoot if any issues arrive with the shipment.

  • Do I Need a Freight Forwarder?

Booking a shipment can take place in a variety of ways. Depending on your business needs, you may need specific services. Here are some options: go it alone, your supplier arranges the whole shipment, to arrange shipment from the factory or foreign port, you hire a freight forwarder.

  • Requesting a Freight Quote

Do you have your goods ready to ship?

Make sure that you have the full addresses for pickup if the shipment is door to door.

You likely need to provide the name of the port of origin.

Provide the total weight of the shipment.

Provide total cubic volume.

International freight works with HS Codes.

Businesses exporting shipments need to know the Schedule B code.

 

If you have any queries call us at +353 1 533 7772 or email us at [email protected].

Customs Clearance Service

5 required documents for customs clearance? (part 2)

/in /by
Customs Clearance Service

Customs clearance blog

Customs clearance generally requires a lot of documents to be verified and submitted, either electronically or physically with the consignment.

 

Documents to be submitted to customs depend on the type of goods being shipped. The rules regarding customs vary depending on the country of origin and the country of destination.

Let’s look at the second part of documents that are common to all countries:

6- Bill of lading

Bill of lading is a document from the carrier to the shipper/exporter/supplier. It is evidence of the contract for movement of goods described by the carrier.

7- Bill of sight

It is a declaration from the supplier or exporter to the customs department where the receiver is unsure of the type of goods being shipped. The bill of sight document permits the receiver of goods to inspect them before making duty payments. With the bill of sight, the exporter also needs to submit a letter that allows clearance of goods by customs.

8- Letter of credit

The letter of credit is issued by the importer’s bank informing that the importer or the consignee will honour the payment to the exporter /consignor/shipper of the sum specified to complete the transaction.

9- Bill of exchange

Bill of exchange is similar to a promissory note that can be drawn by banks or individuals. It is a substitute payment option where the importer is to clear payments for goods received from the exporter either on-demand or at a fixed or determinable future.

10- Export license

A business can get an export license from the licensing authority and permit is issued by the Chief Controller of Exports and Imports.

If you are planning to trade goods to or from Ireland, Aca International Ltd  may be able to help you! Visit our website and follow our Facebook and Linkedin Pages

Customs Clearance Service

How Long does Customs Clearance take?

/in /by
Customs Clearance Service

How Long does Customs Clearance Take

With all the Documents pre-checked and the Customs Duty and VAT arrangements in place, Customs Clearance can be completed (Green Routed) within an hour or two of the arrival of the goods. However, if the goods are called for a document check (Orange Routed) or a full physical exam (Red Routed) the length of time could stretch to 24/48hours.

 

It is inexcusable to have a shipment delayed at Customs due to insufficient or poorly prepared paperwork; it is not only bad for business, but it may end up costing you more in additional storage and detention expenses. ACA International does Customs Clearance  in Ireland and is an expert in the Customs Clearance process, and we can assist you in preparing the necessary Customs paperwork in advance to avoid delays or incorrect declarations.

 

If you are importing or exporting goods to sell, it is ideal to have a Customs agent prepare your paperwork so that your shipment can enter the country quickly and efficiently. If you do not follow the correct procedure, your shipment will be held up or possibly seized at the port.