US Foreign Trade Zone

CUST Customs Compliance Filing Special Procedure

Unlock the Power of US Foreign Trade Zones with MIC-CUST® FTZ

Customs Compliance Software

Optimize Duty Savings with Advanced Foreign Trade Zone Software

Leveraging US Foreign Trade Zones (FTZs) with MIC-CUST® FTZ allows businesses to optimize trade operations and achieve significant cost reductions. By deferring or eliminating import duties and simplifying customs clearance, this advanced software solution enhances cash flow and ensures compliance with Customs and Border Protection (CBP) requirements.

The module features a central dashboard for managing FTZ activities, from initiating in-bond movements to completing zone admissions. It supports precise inventory management, including first in, first out (FIFO) and direct identification, and integrates seamlessly with ERP systems for real-time stock adjustments. Automated processes such as duty calculations and stock withdrawals, along with detailed audit trails, streamline operations and reinforce regulatory adherence.

MIC-CUST® FTZ facilitates the management of import limits, customs duties and supply chain visibility. The system's capabilities, including automated zone-to-zone transfers and real-time bill of materials tracking, drive operational efficiency, enhance compliance and deliver substantial cost savings.

Benefits

Cost Optimization

Automated inventory management, duty calculations and zone-to-zone transfers reduce customs fees and interest charges through ERP-integrated stock reconciliation

Faster Operations

Real-time stock adjustments, expiry tracking and automated blocking minimize manual tasks and accelerate customs processes across zones

Increased Compliance

Full support for customs duty assessments, automated stock blocking and audit trails ensure adherence to regulations and safeguard against compliance risks

Highlighted Product Features

Comprehensive audit trail and inventory tracking

Ensure full compliance with a detailed audit trail, tracking customs declaration to stock reduction. Each inventory transaction is categorized by type, providing accurate traceability, crucial for audits and efficient inventory management.

Customs authorization and import limits management

Manage import limits based on tariff numbers, quantities, values and validity periods in line with customs authorizations. Automated re-import and re-export time limit checks reduce compliance risks, ensuring adherence to global trade regulations.

Flexible stock withdrawal logic

Utilize advanced stock withdrawal options like FIFO, identity principle and bill of materials (BOM) explosion to control inventory flows. The configurable ‘fill or kill’ function ensures efficient stock use, avoiding partial withdrawals and minimizing delays.

Real-time bill of materials tracking

Track materials from import to re-export in real-time at the BOM level, ensuring accurate monitoring of goods and seamless customs documentation. This improves supply chain visibility and compliance with FTZ requirements.

Automated stock reconciliation with ERP integration

Automate stock reconciliation and adjustments via ERP systems, covering processes like scrap management. This reduces manual interventions, improves inventory accuracy and enhances operational efficiency.

Advanced customs duty calculations

Optimize customs duty payments with support for methods like draw-back, suspension, and added-value assessments. Automated interest calculations and zone transfers offer significant cost savings in FTZs.

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