MIC Global Trade Management (GTM) Software for Global Customs & Trade Compliance Processes

Overview

In the rapidly expanding global economy, multinational companies have the opportunity to reduce international customs and trade compliance costs by accelerating the movement of goods to achieve both short-term and long-term competitive advantages. However, the appropriate Global Trade Management / GTM software must be in place and fully integrated with a company’s overall IT infrastructure (e.g. ERP Host System) and its customs and trade compliance business processes in order to increase efficiency, ensure transparency, minimize compliance risk, and save on costs.

MIC provides a high-quality, user-friendly, web-based suite of software products which can be implemented and deployed in a modular manner. Our software is continuously improved, refined and tailored to meet the needs of many different industries. Enhancements are propelled by business best practices and aligned with the constantly evolving regional and national legal requirements. MIC software solutions drive the efficient management and operation of customs processes while maintaining compliance with legal requirements. In addition, our data analytics & visualization tool enables improved decision making by identifying optimization potentials and supply chain trends across global customs and trade compliance processes. As a result, global business processes can be designed and automated more efficiently. This not only increases compliance, but also saves time, money and increases global competitiveness.

MIC specializes in the implementation and integration of GTM software and offers configurable international customs and trade compliance software solutions to legally comply with local, regional and national requirements for many countries and regions around the globe. All of this is fully supported and serviced by our global support team providing 24/7 assistance, in accordance with ITIL standards as well as by standardized IT interfaces to ERP or other source systems (like SAP via MIC SAP Interfaces).

Our customs software & global trade compliance solutions

Customs (Self) Filing

Are you looking for automated electronic import and export clearance processes incl. special customs regimes and inventory management? We offer a unique customs & trade compliance software solution on one single technical platform directly interfacing with the appropriate governmental system – for more than 55 countries.

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Central Product Classification

You are struggling with inconsistent product customs tariff & export control classifications! Increase your degree of automation for assignment of customs tariff & export control classification to products based on user-validated selection and matching rules, decision trees and suggestion algorithms utilizing artificial intelligence and machine learning (AI/ML).

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Free Trade Agreement Management

You really want to benefit from the advantages provided by free trade agreements? Discover our origin calculation software solution for automated preferential and non-preferential origin calculation for over 250 free trade agreements worldwide including an efficient supplier solicitation process management via web portal.

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Export Controls

Is export control challenging you? We provide you with a software solution that allows for central check of business transactions as required by export law, including screening against sanction lists, embargo checks, end user/end use check resp. dual-use reviews, identification of licensing requirements and license management.

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Intrastat Reporting

Decide for one solution to cover all EU member states! We provide the only available software package on the market that offers an efficient and economical solution for Intrastat declarations in all EU member states.

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Excise Tax

Interested in an optimal software solution to file with the excise movement and control system (EMCS) ? We offer an EU-wide single platform that allows direct electronic data transfer with the authority systems of the individual EU states. 

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Data Analytics & Visualization

You want to make better decisions and optimize your companies’ worldwide customs processes? MIC Data Analytics & Visualization collects, translates and transforms data from different sources into readable language according to WCO, EU and country-specific data sets. In context with trade content (e.g. customs tariffs, FTAs), these data sets turn into usable information that enables businesses to determin new optimization potentials.

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MIC's one-stop-shop for global customs & trade compliance software solutions offers many benefits

01

Saving potential

for time and costs of customs clearance with globally tested best-practice software solutions

05

Global Trade Content Services

for the different customs and trade compliance processes in 150+ countries – updated automatically on a regular basis in the software solutions

09

One GTM Source System with

1 Database, 1 Graphical User Interface, and 1 consistent Maintenance & Support Service – Globally

02

Direct electronic

data exchange with reporting systems of national customs authorities without any additional implementation partner

06

Less effort

through increased process automation and therefore minimization of manual data entries and corrections

10

MIC Customs Software & Global Trade Compliance Solutions

can be used individually or in combination as part of the Global Trade Management suite – this includes the whole world of software solutions for customs and trade compliance

03

Innovative edge

by direct contact to WCO, EU, national customs authorities and professional organizations

07

Optimized customs

supply chain accelerates logistics processes and increases legal certainty with less personnel costs

04

Investment in one system

with standardized IT interfaces to ERP systems (SAP certified) or other source systems delivered by one single provider

08

Increased flexibility

for changing business conditions and legal requirements with MIC's Software-as-a-Service (SaaS) / Cloud solution

Resources

News | Export Controls | Central Classification | Customs Filing | Origin Calculation 8 March 2024
Press Releases 26 January 2024
Events 27 - 29 March 2024 | Washington, DC, USA
Events 14 - 17 April 2024 | Fort Lauderdale, FL, USA

New US tariffs on French imports delayed

Imports and Exports | | MIC Customs Solutions |

The US has suspended new tariffs imposed on French products in retaliation for a digital services tax.

 


The US has delayed tariffs on $1.3 billion of French goods imported into the US it had imposed in response to new taxes faced by American tech firms operating in the European country.

Duties were set to be imposed from Wednesday (January 13th) and would have included levies of up to 25 per cent on products such as designer handbags and cosmetics, among other products.

Announced last July, the measures were taken in response to a new digital services tax (DST) in France, which the US argued unfairly impacted on American tech giants such as Amazon, Google and Apple.

However, the office of the US Trade Representative has confirmed the tariffs will be suspended indefinitely while it investigates similar DSTs in ten other countries, including Italy, the UK and India.

The US may instead look to take more coordinated action at the conclusion of this investigation, although any such plans could change after president-elect Joe Biden takes office on January 20th.

According to the Financial Times, Mr Biden is keen to repair relationships with traditional allies such as France, with some Democrats calling for a multilateral solution to the issue of digital taxes that would involve the Organization for Economic Cooperation and Development.

EU trade commissioner Valdis Dombrovskis said on Twitter: "The EU stands ready to explore all options should the US unilaterally apply these trade measures.

"More broadly, we are willing to work constructively with the US on finding a timely global solution to the fair taxation of the digital sector."

The delayed tariffs are unrelated to other levies the US has imposed on French products such as spirits and aircraft parts, which go into effect on January 12th. 


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