Kuehne + Nagel has a team of customs duty experts that provide professional advice, guidance and give customer seminars. Whether or not you also use Kuehne + Nagel for your shipments, our customs experts are always available to assist you with any questions or challenges you might have.
Customs legislation in Denmark
Denmark is a member of the EU and therefore subject to EU legislation. When a Danish company imports or exports goods, customs duty rates will be imposed on the goods. All companies that import goods into the EU have to pay customs and any excise duties. Sometimes the customs duty rate is zero, but you still have to adhere to the correct procedures.
But why pay more than you have to? If you posess the correct customs duty documents, customs clearance becomes easier and sometimes you can postpone or completely avoid the customs payment if you are aware of the licences, authorizations and permits you can get.
What you need to know when importing and exporting goods
Which other areas can you optimize?
Possibilities of preference. It is often possible to reduce the amount of the payable customs duty (preferential tariff) if there is a trade agreement with the country outside of the EU from where your company has imported goods. In our experience, many companies are paying too much in customs duties because they are not aware of the fact that such a trade agreement with the specific non-EU country could reduce or completely eliminate their customs duty payments.
Application for customs authorizations. If your company has obtained an authorization for customs warehousing, inward or outward processing of goods inside or outside the EU, special use (end-use) or temporarily importing or exporting goods, it could defer or even eliminate the amount you have to pay in customs duty.
What does a customs optimization include?
Options for suspensions. Sometimes imported goods might be subject to customs suspensions. This can apply to raw materials, semi-finished products and parts and components that are not already available within the EU. A customs suspension depends on the type of goods that is imported, and the customs duty payment can be reduced to zero. Both industrial and agricultural products might be covered by suspension based on the customs classification code.
Customs quota optimization Another option for customs optimization and savings is customs quotas within certain commodity groups. Here your company is able to import a certain quantity of goods without having to pay customs duties. Only when the quota is exhausted, do you have to pay customs duties for any goods that you subsequently import. Both industrial and agricultural products might be covered by quotas based on the customs classification code.
Most companies are not aware of the advantages that can be gained from a review of their customs set-up. Feel free to download our customs service catalogue or contact us for a noncommittal talk on how your company can benefit from a review. We offer to visit your company for an in-depth review of your customs and trade compliance activities. The review will identify risks and actions and we will give recommendations on how to improve your customs procedures.