EU agreements enable exporting companies to take advantage of significant tariff concessions, provided they supply a preference certificate documenting the EU origin of the goods for export. This is a highly complex, intricate process, particularly for the mechanical engineering industry. In response, the mid-sized company SCHNEIDER GmbH & Co. KG sought an IT solution that automates preference authorization management.
The EU is set to introduce integrated VAT reform between 2022 and 2024. To ensure greater clarity until then regarding chain transactions, intra-EU transfers and consignment stores, “Quick Fixes” took effect on January 1st, 2020.
The EU has concluded a large number of customs agreements with third countries offering exporting companies notable advantages. However, to benefit from these tariff concessions the preference regulations must be adhered to precisely, and that involves a great deal of processing effort.
The UK is Germany’s fourth-largest trading partner, which means that the impending Brexit is set to bring major challenges for many companies in the short-term. After doing the math, the Association of German Chambers of Industry and Commerce (DIHK) has concluded that, among other things, Brexit will necessitate at least 10 million more customs declarations annually than at present. Below are a few handy facts and tips from Mercoline about what companies affected by Brexit can expect from the Mercoline M.SecureTrade Suite export trade solution for SAP ERP.
The 2017 Chemicals Prohibition Ordinance (ChemVerbotsV) requires written documentation for the transfer and receipt of highly dangerous products. Chemical company OXEA uses an IT solution integrated into its SAP system that allows for automatic compliance. The company’s project manager explains the process.... read more
Between numerous new customs agreements, more exports going through third countries, and increasingly complex regulations, the processing workload is constantly increasing, especially at larger mid-sized companies. To stay on top of the game, family-run company Roth Industries has reorganized its export controls. ... read more
The transport of hazardous goods is subject to a wide range of regulations too complex and time consuming for manual shipment processing. At the same time, conventional IT solutions have often proven too hefty for daily use. Now, measurement technology manufacturer HBM is using a streamlined IT solution integrated into its SAP system for the shipment of hazardous goods. ... read more
Relying on the tried and true while daring to blaze new trails: Both IT-Informatik and Mercoline have pursued this principle for more than 20 years. This shared philosophy was just one of the reasons for Mercoline’s merger with IT-Informatik, effective immediately. ... read more
Preferential EU agreements allow companies in many countries to export their goods with no or with heavily reduced import duties. This provides important competitive benefits, but often requires a great deal of effort. ... read more