Why Use Duty Tracker
IPR and PCC are two Customs regimes whereby companies can avoid the need to pay import duty and also, where applicable, VAT on duty. With import duty rates of up to 22% of the total purchase price of your imported materials, there is significant scope for tangible material cost savings. Both IPR and PCC require tracking of imported material or ingredients and tracking of their use within finished or semi-finished products. This takes time and effort. You also need to keep sufficient details for reporting to the relevant Customs authorities and it is you the importer or exporter who is legally responsible to do this.
DutyTracker is a tool which allows you to automate this tracking and reporting process. Remaining complaint with EU customs regulations can also help avoid un-necessary penalties.