Customer compliance
strategies
  Implementation planing
  Tariff classification
  Advanced integration services
Audit processes
  Drawback program
  Managed ISF Filing
 
 
 
 
 
 
 
 
 
 
 
 
   
 
 

Customs Compliance Strategies-

Customs Modernization and Informed Compliance Act has put the onus of right classification and admissibility determinations on the importer. Going through the maze of highly complex US customs laws could be a daunting task to your organization internally.

Our experienced staff will interpret the complex world of US customs laws for your organization and help you focus on the core business of your organization.

We will help develop internal procedures and self assessment programs to manage compliance.

Our services in the Customs Compliance Program include

Import Compliance
Export Compliance
Document compliance
Implementation compliance
Regulatory Compliance
Compliance Training

Implementation and Planning-

 

Implementing GTK suite of modules and integrating with the ERP could sometimes be complex for “in-house” skill. Our staff is highly trained to make the implementation and integration as smooth as possible. Depending on the scope of customizations the length of implementation and integration will vary. A thorough planning document and process will be devised by our account manager with “in-house” program manager, this document and process will guide the implementation and integration stage.

Data migration is one of the most important task during implementation phase, Our team will identify and mitigate the risks that come up during these kind of implementations. Following are the data migration steps that our staff would base the implementation.

1.Identifying the data to be migrated
2.Determining the timing of data migration
3.Generating the data templates
4.Freezing the tools for data migration
5.Deciding on migration related setups
6.Deciding on data archiving

Tariff Classification-

Knowing correct classification is essential. Tariff code is one of the factors that determines rate of customs duties and taxes, as well as import/export requirements for the product. By using wrong classification, a company is at risk of underpaying or overpaying duties and may be subject to administrative penalties.

Our services include but not limited to the below

Evaluate existing Product/HTS association
Classify new products
Create a specialized database of the products with HTS

Advanced Integration Services-

 
Integration is an important task during modernization of application. A complete range of services that addresses the full integration
life-cycle – from assessment and design to development and management – ensures you stay on track to meet your current and future business goals.

Few salient features of Advanced integration services -

Infrastructure Planning.
Integrate with in-house ERP.
Implement customized business logic.
Implement event based notifications.

Audit Process-

 

Changes brought about by the Customs Modernization Act of 1993 have put the onus of compliance with the importer/exporter thus making it necessary for organization to have an internal audit process in place to mitigate the risk of being non-compliant. Our experienced staff will help your organization to setup the internal audit process and also monitor it from time to time, this results in identifying the risks at an early stage and mitigate the same effectively.

The basics of internal audit-

1.Collect Data and Information:Proper Risk Management requires a structured approach to collecting data.

2.Analyze and Assess Risk:Analyze the data and determine the likelihood of noncompliance.

3.Prescribe Action:Once the potential risk has been identified and analyzed, it is time to design the appropriate action and dedicate the necessary resources.

4.Track and Report:Once the appropriate action is designed, ownership for the action must be assigned and its results tracked and fed back into the Risk Management process.

Drawback Assistance-

 

Did you know that if you export goods, you may be able to recover 99% of all Customs duties paid on any imported materials contained in those products? And you can do it retroactively for up to three years? It is estimated that well over $1billion in available drawback refunds go unclaimed each year. If you do not already have a drawback program in place, you may be missing considerable drawback refund opportunities.

A successful drawback program can mean recovering years of lost duty dollars. Let GTKonnect help you discover if Drawback is right for you. Working with you, we will determine drawback eligibility, assist you in setting up a drawback program, and the filing of your drawback claims.

Here's what GTKonnect's Duty Drawback professionals can do for you:

Speed refunds - we will help you to complete applications for expedited handling of your claims.
Locate and load all required data to automate the process.
Provide accurate, comprehensive record keeping, commensurate with U.S. Customs regulations.
Ensure a flawless audit trail.
Create ongoing program-status updates.
The bottom line benefits to you.

Reduce manufacturing costs.

By recovering up to 99% of your import duties and many of the fees associated with Customs entries, you can manufacture in the U.S. using imported merchandise virtually duty-free. Drawback refunds even if you are not the importer of record. Your domestic suppliers of imported materials can transfer their drawback rights, allowing you to recover 99% of the duty paid when you export products.

Big bonuses for new claimants.

If you've never filed for drawback, you can retroactively claim duty on exports shipped over the past three years. This provision allows you to qualify for a substantial refund. Contact GTKonnect's duty drawback professionals to learn how your company can start saving significant money today.

NETWIN MANAGED ISF FILING (MIF) APPROACH:

 
  1. Are you paying too much for your ISF filings?
  2. Unable to get the services you need from you low cost ISF vendor?
  3. Worried about additional workload on your current resources?
  4. Cannot hire additional resources to do ISF data entry?
  5. Need help submitting your ISF filings at a lower cost?

If you have answered yes to any of the above, it’s time to act. Netwin provides turnkey ISF filing services to address all your ISF filing needs. Our MIF approach provide you not just the peace of mind that your ISF entries are filed in time with correct information but also lets you save significantly on your total spend.

a. Netwin ISF Software
Refer GTKonnect 10+2 (URL) for salient features of our software.

b. Netwin Software Support
A true reflection of the level of support you can expect from us is the fact that our customers have been with us for long and are thrilled to be back with us. Rest assured that our team is watching for you for all customs mandated changes and will be ready with the new releases as these changes go to effect. We are a just a phone call away when you need help.

c. Netwin ISF Data Entry Services
We will manage your ISF filings. Our outsourced data entry services can help you minimize your resource requirements. Our team of qualified personnel, who are well trained on ISF data requirements and Netwin’s ISF application, can efficiently handle the data processing and data entry needs for successfully filing your ISF entries.

We will create a secure data portal where you or your vendors can provide us the ISF or entry data in simple predefined templates and our team will handle the filing for you.

We will create and clear your ISF entry and provide you the ISF confirmation both in the ISF system as well as in an e-mail form.

We will create customs entries and submit for your review and approval. Upon approval the entry can be transmitted to customs.

You will also have access to the ISF system to query and check the status of your company’s filings.