Customs Freight Simplified Procedures (CFSP)

Customs Freight Simplified Procedures (CFSP) is an electronic, streamlined method of reporting import and export movements of customs goods to customs.

The key benefits of CFSP include:

  • Faster customs clearance
  • Potential absolute costs from the greater automation of customs declarations
  • They facilitate other duty relief and planning regimes including ensuring goods can be released from customs warehousing etc., without prior approval from HMRC
  • Greater transparency and control of your customs function

Businesses must obtain prior approval to operate CFSP and this includes establishing and maintaining proper customs controls (similar to AEO and SAO) and documenting procedures.

Customs planning involves:

  • Applying for and obtaining the right type of authorisation
  • Setting up robust systems that meet any conditions of the relief
  • Ensuring that any partners meet their necessary obligations
  • Putting in place controls to show you all your obligations are met and the level of any benefits

Proper disclosure and project management should speed up the implementation process and keep set up costs down.

 

Testimonials