Variant helps its clients to reduce customs duties and other indirect taxes, improve cross-border supply chain functions and processes, and manage import/export risks on a global scale.
Whether you are facing an audit, desire an independent review of your current compliance activities, require customized training or manuals, or perhaps need to enhance key processes, procedures and internal controls, Variant can help you to develop and manage effective and robust import and export compliance programs. We can also support you in interacting with national customs, export control and other government authorities to secure or challenge positions via ruling and license requests, prior disclosures, protests and other administrative mechanisms.
The proper appraisement of merchandise is a fundamental requirement of national customs laws, global trade agreements and even income tax transfer pricing regulations. At the same time, it is also one of the most complex areas in international trade, encompassing royalties, licenses, patents, assists, research & development, and many other inter-/intra-company arrangements so common in today’s globalized economy. With Variant’s extensive experience and deep technical knowledge, you can leverage the opportunities inherent in such complexity to help lower ad valorem tariffs and other transactional costs (e.g., VAT, excise), while establishing and defending customs values and transfer prices.
Central to an effective, compliant and cost-focused global sourcing and trade operation is import tariff and export control classification. Admissibility, duty rates, preferential market access and trade restrictions are all governed by classification codes. As such, a thorough understanding and appreciation for both the structure and subtleties of the nomenclature used to control the coding for goods, software and technologies (e.g., Harmonized System, Harmonized Tariff Schedule, Commerce Control List) is critical. Variant can help you evaluate, determine and declare the proper code – for one or many items – as well as develop a robust import/export classification program characterized by transparency, agility and reliability.
Special Customs Programs
Duty deferral, recovery and exemption programs can provide significant competitive advantage to importers and exporters, but demand precision and accountability on the user’s part in order to stay compliant and realize the benefits. Variant can support your efforts in duty drawback, temporary importation bonds, bonded warehouses and other customs programs by evaluating the most appropriate program(s) for your operations, preparing applications, developing procedures, aligning resources and monitoring compliance.