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DUTY-FREE MATERIAL MANAGEMENT

Optimize your material management for maximum cost savings

OUR APPROACH

UNI utilizes our suite of tools and solutions to help you conveniently monitor and control data of duty-free materials in accordance with regulatory requirements. Our experienced team carefully assess material requirements and help clients identify opportunities to source and manage duty-free materials.

With the right support in place, businesses can drive significant cost savings and optimize their procurement processes.

HOW UNI CAN HELP?

Import and export data checking

Import and export data checking

Export processing settlement

Export processing settlement

Consumption, stock management consulting

Consumption, stock management consulting

Financial reports

Financial reports

Balance management for EPEs

Balance management for EPEs

Tax refund consulting

Tax refund consulting

FAQs

What are duty-free materials and why are they important?

Duty-free materials are goods imported for use in the production of finished goods for export without incurring import duties (taxes). Effectively managing these materials can significantly reduce your production costs and enhance your overall profitability.

What types of materials are typically eligible for duty-free treatment?

The specific materials eligible for duty-free import depend on the trade agreements your country has with other countries. However, they often include raw materials, components, and sub-assemblies used in the production of finished goods for export. Goods brought in solely for the purpose of processing and re-exporting, may also qualify for duty-free status.

What if I don't manage duty-free materials correctly?

There are potential consequences for non-compliance with duty-free regulations. If errors are discovered in your duty-free claims, you might face:
  • Duty payments: Authorities could require you to pay duties on materials previously imported duty-free. In addition, you could incur fines or penalties for non-compliance.
  • Loss of Duty-free status: Repeated violations could lead to a suspension or even revocation of your duty-free privileges.
By working with a team experienced in duty-free material management, you can minimize these risks and ensure you maintain your eligibility for these valuable cost-saving benefits.

Get expert advice and start boosting efficiency!

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