Training course overview
Customs Warehousing and Temporary Storage Facilities provide opportunities for the suspension of import taxes, which can provide huge cash flow savings for importers, or in the case of re-exports, actual tax savings.
This Coventry Academy Training Course covers all types of warehousing available which allow a suspension of import taxes, including customs warehousing, excise warehousing and temporary storage facilities, including the differences between such facilities, the benefits of each and what type of companies can operate each sort. You will also learn about various options available when operating such a facility, such as CFSP, EIDR and inventory linking.
The course will end with an overview of the application process and considerations for any business wanting to apply for such a facility in the future.
This training course will feature:
- What are the Definitions of Customs Warehousing, Excise Warehousing & Temporary Storage
- What is the difference between an ITSF & ETSF
- What are wharf approvals for ports
- Definition of Customs Comprehensive Guarantee for potential debts