New Customs Risk book from Gower's Business Risk Series
23 July 2010
With a foreword by Kunio Mikuriya, the Head of the World Customs Organization, this book enables you to make informed decisions about Managing Customs risk.
Managing Customs risk is often seen as a cost centre but it is also a source of competitive advantage. A sound Customs management can reduce or remove Customs duties, generate savings, and generally improve cash flow using the many Customs procedures available to the compliant trader.
Customs have moved from frontier checks to audit based controls and transferred a high level of responsibility and risk to the trader. It is now the duty of the trader to identify and report any error or irregularity and to keep an impeccable audit trail from initial quotation to receipt of payment.
For the business, failing to provide satisfactory compliance records will result in delayed shipments and serious disruption in the supply chain. This will in turn impact on financial performance indicators. Errors uncovered during these audits will yeild heavy financial penalties and a Customs debt.
For more information go to www.gowerpublishing.com/isbn/9781409404521. Published in August 2010 priced at £17.99, this book is from the Short Guides to Business Risk series www.gowerpublishing.com/shortguidestorisk.
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