Under certain conditions and with an existing status as an authorized economic operator (AEO), you have the option of making customs declarations yourself in your company. These declarations can be reported to customs directly from SAP Global Trade. Thus, you benefit from high time and cost savings and optimize your customs declaration with regard to certain customs procedures such as inward processing and the use of the bonded warehouse.
Inward processing allows you to import goods without paying customs duties if they are re-exported to the European Union after processing. When the goods are exported, only the processing portion is subject to customs duty. By using bonded warehousing, you only pay tax on your goods once you have processed them, thus benefiting from "step-by-step" taxation. Use different customs procedures and create competitive advantages over your competitors.