Customs duties and international trade costs directly affect companies’ profitability. Non-compliance with customs regulations and reporting may result in significant penalties and costs for the business. In this respect, effective management of global trade decisions and obligations are an important factor in a company’s global supply chain.
Our customs professionals help design strategies and structure global trade transactions that reduce customs duty payments and other international trade costs and that help ensure that legal and regulatory requirements are met. We offer services including:
- Preparation of documents for, and obtaining customs classification decisions from, the Revenue Service of Georgia, so that zero or reduced customs duties are applied upon importing goods.
- Analysis of the application of various customs procedures so that customs duties and other costs are optimized.
- Advising on customs valuation issues which may arise, in particular, for newly imported products as well those companies in the course of changing a business model or supply chain.
- Analysis of operations from a customs perspective with the WTO members.
For further information, please contact Viktoria Chornovol, Partner, or Giorgi Tavartkiladze, Senior Manager