Tariff-Buster Analysis™️
Do you know how much you are overpaying or underpaying in Custom duties worldwide? Have you reviewed how you can save money in Custom duty costs?
Very few companies actually verify the customs duties they have been charged worldwide. Especially in difficult economic times and trade wars, companies should examine ways they can legally minimize their customs duty impact and look for any possible saving opportunities. Many companies pay hundreds of thousands in extra customs duties when there is no visibility controls or analysis of the tariff spent.
Let DSG Global be your guide.
Ensure that you are not paying a dollar more than you should.
Review and mitigation strategies for customs duties paid on a world-wide basis.
Analyze your import data to see trends, patterns, and hidden risks.
Our Solution
We analyze your import activity on a country by country basis. We will provide recommendations to minimize customs duties and indirect tax costs spent on different types of transactions. We will provide recommendations to optimize Free Trade Agreements, ATA Carnets, Free Trade Zones, First-sale models with the goal of minimizing or deferring custom duties. We will review valuation and HS Classification Scenarios to further minimize customs duties paid. Working with our Freight Consulting Partner (Alexandretta Consulting). We will find ways to minimize your logistics costs as well.
Case Study
Background
A Fortune 500 company with several manufacturing lines of business, did not have an effective compliance program as the trade compliance function was decentralized and different business groups handled their trade compliance activities differently.
Challenge
We were engaged to effectively reduce the client customs duties expense.
Our Solution
We obtained the ACE information of all the customs duties paid by different business groups over a three year period. Using this data, we were able to analyze opportunities for duty minimization, such as in valuation, carnets, inaccurate classifications, as well as a Foreign trade zone. We also review key areas of compliance violations.
Result
We presented our findings to the CFO indicting the areas of dollar savings and created a foreign trade zone.
Client Testimonial
“I first met Deep when he and his colleague performed a full review of international customs and duties processes at our company (eyewear distribution) in 2004. His knowledge and expertise are fabulous. But what most impressed me was his ability to develop real solutions to each of our problems, and his ability to then communicate those solutions in a way that was effective to everyone in our company regardless of level, from the CEO to the lowest clerk. ”
Client Testimonial
“I highly recommend Deep at DSG Global for any company that is shipping products around the world. After we received some staggering customs duties on some exports, Deep helped us understand and adopt customs valuation methods, and local country requirements so we were able to better plan for customs requirements around the world and reduce our customs duty exposure. If I ever needed anything, at any time, Deep was there to help. ”
Learn more about how Tariff-Buster Analysis™️ can help your organization with a complimentary consultation.