In today's global economy, many companies find themselves performing import and export operations in a variety of legal and regulatory environments around the world. Opportunities oftentimes exist to achieve duty and tax savings under special trade programs that vary on a country by country basis. At the same time, risks need to be managed, as international trade operations frequently are subject to a high level of scrutiny with significant fines and penalties for instances of non-compliance.
PwC's Customs & International Trade practice has professionals worldwide offering global services to our multinational clients, including:
- Supply chain security. While participation in various government security programs — such as Customs-Trade Partnership Against Terrorism (CTPAT), Partners in Protection Program (PIP), and Authorized Economic Operator (AEO)* — is voluntary, companies that do participate typically receive benefits, which can include reduced inspections, priority processing, and eligibility for the other special programs such as the importer self-assessment (ISA) program in the US, and the Free and Secure Trade (FAST) program between the US and Canada for highway carriers. PwC can help you assess, implement and monitor your global supply chain security programs.
- Customs value & transfer pricing. To effectively manage these competing issues, it is critical that related parties prepare not just transfer pricing studies but customs valuation analyses as well. PwC can assist you in reviewing and addressing your valuation of goods from both a customs and a tax perspective.
- Bonded manufacturing programs. There are various bonded manufacturing programs in place globally to minimize customs duty costs. Manufacturers and importers using these programs are facing increased scrutiny from their respective customs authorities — particularly in North America regarding NAFTA claims. PwC can help your company prepare for and withstand that increased scrutiny around your import and export activities.
- Export controls. Exports from the United States are controlled by the Departments of Commerce, Treasury and State, among others. Navigating the various regulations, controlling what, to whom, and the end-use of exported goods can be difficult and time-consuming. PwC can help your organization analyze the various control regimes and establish a program that ensures a level of compliance while maintaining efficiency in your export supply chain.