Preferential origin of goods
Le normative fiscali che regolamentano l’esportazione di prodotti nel campo industriale richiedono processi di verifica che, se non automatizzati, producono ...
OVERVIEW
Tax regulations governing the export of products in the industrial sector require verification processes that, if not automated, not only generate high management costs but also carry the risk of penalties, including criminal sanctions, in case of errors.
BUSINESS CASE
Rules of preferential origin are defined in the protocols of free trade agreements signed by the European Union with numerous countries (over 30 in total). By obtaining the status of originating product through the preferential origin certificate, a product can benefit from full or partial reductions in customs duties.
SOLUTION AND BUSINESS VALUE
Bitia has developed a solution for leading industrial companies operating worldwide that determines the preferential origin of components and finished products to produce the preferential origin certificate for goods, in order to take advantage of customs benefits (as per Article 39 of Regulation (EC) No 450/2008).
The developed application allows our clients to automate:
- Validation of material origin information
- Analysis of product bill of materials costs
- Determination of preferential origin and generation of the Preferential Origin Declaration
- Management of simulations to establish the optimal scenarios for applying the regulations