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F&H Group

F&H Group has chosen LTS as its new customs system…

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JYSK

JYSK has chosen LTS as its new platform for customs clearance…

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Bumblebee

Hummel has chosen LTS for their future…

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Is your company paying too much customs duty?

If you recognize several of the statements below, there is a high risk that your company is paying too much in customs duties.

  • We have outsourced part or all of our production to countries outside the EU.
  • We import a large part of our goods from countries outside the EU.
  • We export some of our goods to countries outside the EU.
  • Our warehouse is located in DK or another EU country.
Scenario
The company has goods produced outside the EU, which are imported into Denmark, where they are cleared through customs and stored (the customs duty is between 2 - 12%), after which some of the goods are sold to countries outside the EU, and import and customs duties are paid again in the new country.
Lector suggests

Establishment of a customs warehouse with customs accounts for the Danish Customs Board, where all imported goods are placed, so that no customs duties are paid at the time of import.

When exported from the warehouse, the goods will either/or:

  • Customs cleared into DK, where customs duties are paid, as normal for sales within the EU
  • Exported from Denmark and shipped outside the EU, which is why no customs duties are paid in Denmark.
Savings

The company thereby achieves a large saving by not paying customs duties on sales outside the EU, and by being able to wait to pay customs duties on goods sold within the EU until the goods leave the warehouse, thereby improving their cash flow.

Logistics Trading Services is the tool for handling customs tasks for import, export and bonded warehouses.

You can find LTS references here .

Would you like to hear more about how Lector can help your business? bonded warehouse, then contact Claus Bruus Olesen of cbo@lector.dk / +45 31 41 49 10 or David Klingenberg Sorensen of dks@lector.dk / +45 31 41 49 33.

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