The Importance of Data Cleaning for HS Compliance in EU logistics
In the world of international trade and logistics, ensuring smooth customs processes is essential for a thriving business. The accurate classification of goods under the Harmonized System (HS) is a pivotal aspect, especially for companies operating in the European Union (EU). In this blog post, we’ll delve into the importance of data cleaning for goods […]
Customs Modernisation through ICS2: Benefits and Challenges
In the ever-evolving landscape of global trade, the need for efficient customs processes has gained prominence. Traditional methods of customs management have given way to modernisation efforts, with Import Control System 2 (ICS2) emerging as a key player in this transformation. In this blog post, we’ll delve into the benefits and challenges of customs modernisation […]
Revolutionizing Trade: The Power of Automated Customs
In an era marked by unprecedented global trade and connectivity, the role of customs processes in facilitating the movement of goods cannot be overstated. As businesses expand their reach across borders and supply chains become more intricate, the need for efficient customs procedures has never been more critical. Enter automation – a game-changing solution that […]
EU Commission Publishes the 2023 version of the Combined Nomenclature
Combined Nomenclature (CN) forms the basis for the declaration of goods (a) when they are imported or exported, or (b) they are subject to trade statistics within the EU. This determines the duty rates that apply and how the goods are treated for statistical purposes. The Combines Nomenclature is therefore an essential working tool for […]
Get Ready for Import Control System 2 (ICS2)
15 March 2021 dated the first Release Date of the implementation of the new UCC – Union Customs Code, related to the entry of goods into the European Union, also known as ICS2. All EU member countries’ customs authorities will be following the new Import Control System guidelines, which aim at anticipating relevant import information […]
The STOP Act: Why is it so Important to Understand?
Created in 2017, the STOP Act has established a number of legal requirements for targeted controlled substances that have been implemented gradually over the past few years. The last phase-in started on January 1st, 2020. From now on, electronic transmission for specified restricted substances is required pre-Customs and Border Protection through Advanced Electronic Data (EAD). […]
MyDutyCollect and Spectos GmbH Announce Global Alliance Partnership
Spectos & MyDutyCollect are working together to deliver advanced data-enhancement solutions to postal & logistics clients The cross-border eCommerce industry is undergoing significant transformation at this time. Over the last 18 months, we’ve seen increased regulatory burden from IOSS, ICS2, Brexit and the STOP Act in the US. Coupled with increased parcel volumes and staff […]
4 Tips on How to Grow Your Ecommerce Business Internationally
The Ecommerce market has set itself as one of the most solid, trendy and successful businesses since the novel COVID-19 started last year. Online sales keep growing fast month after month and specialists foresee the consolidation of eCommerce as the main alternative for consumers on a global scale, which includes, of course, cross-border activities. Check […]
MDC is a Gold Sponsor at the 2021 WMX Europe Conference
My Duty Collect participates at the 2021 WMX Europe online conference as a gold sponsor. MDC’s CEO Niall O’Neill will be one of the panelists. The event takes place on 16 – 17 June 2021. Attendees can join it by registering for free. –READ MORE: My Duty Collect is Now an IOSS Intermediary– Postal & Logistics […]
Is VAT E-Invoicing the Best Alternative for EU Countries Now?
On the lookout for a solution that tackles VAT fraudulent operations, EU member countries have started implementing a new VAT E-invoicing system that aims at better collecting information on B2B operations. Is it a viable measure for the post-pandemic and post-Brexit economies in the European Union? Check out here –READ MORE: Ireland’s 23% VAT Rate […]