Customs data and tariff analysis

KPMG’s Customs Data and Tariff Analysis tool drives value for businesses, helping to reduce costs, increase compliance, improve efficiency and aid strategic supply chain decisions.

Using technology, KPMG can help turn your customs transaction data into easily understandable and powerful visuals, enabling deep customs data interrogation bringing your data to decision ready output.

The tool is designed to provide easy to access reports, showing numerous metrics including Period, Country and Supplier/Customer value by commodity code, duty cost, preferential origin, incoterm and broker processing.

Whether you are preparing for a customs audit, carrying out compliance checks as part of your control framework, seeking to identify duty risks and/or opportunities, or simply looking to fully understand your supply chain, KPMG’s Customs Data and Tariff Analysis tool enables you to obtain insights into your trade data in a focussed and efficient manner.

• Target high value / high incidence transactions
  Quickly identify material transactions to enable efficient analysis of potentially high value risks and opportunities.
• Preferential origin analysis
  Identifies use of Free Trade Agreements or other preferential agreements, highlights potential incorrect usage and documentation requirements.
• Supplier, customer and broker analysis
  Check for inconsistencies across a range of metrics including classification, origin and valuation. Enable reconciliation of payments against AP, AR and Revenue Commissioners C&E reports.
• Duty optimisation and refunds
  Identifies potential overpayment of duties, and opportunities to apply customs procedures/preferential procedures.
• Customs entry data input errors
  Perform rapid response post clearance checks, increased ability to capture input errors.
• Incoterm analysis
  Enables valuation & clearance validation against incoterms reported for greater control and responsiveness.
• Tariff classification
  Metrics and trends by commodity code and validation against approved and/or higher risk classifications codes. e.g. Dual use, Anti-Dumping.
• Customs Procedure Code (CPC) analysis
  Identifies transactions, customers and suppliers where irregular and inconsistent CPC’s are declared, or data is outside of agreed parameters and conditions.