Exporting to Italy trough customs warehousing
Exporting to Italy involves dealing with complex laws and regulations that require careful compliance. Violating these regulations can result in costly fines and hinder the success of any export project.
We will describe this issue through a case history in which we will discuss key aspects to consider when exporting to Italy.
In this case history, we will explore how one of our customers, a Chinese manufacturer of photovoltaic panels, optimized the process of exporting to Italy by leveraging customs warehousing.
Our logistics consulting service played a key role in ensuring the proper application of Italian customs instruments and trade laws to the benefit of our customers. Let’s see together how.
Exporting to Italy: customer requirements
Customer’s goal was to expand into the Italian and European markets. The customer’s request was about storing goods in an Italian warehouse prior to importation, allowing for product availabilty close to customers and the possibility of selling a small quantities of goods.
MWM Cesena, an authorized third-party logistics operator and a FULL AEO customs broker, played a crucial role in addressing customer’s request.
Our services included:
- Coordination of the expedition
MWM handled the transportation from Cina to MWM’s bonded warehouse in Italy.
The use of a specialized logistics operator ensured efficient and safe transportation of the goods, reducing the risk and delays. MWM handled all phases of the shipment, allowing the customer to focus on its core business. It also ensured that all laws and regulations for exporting to Italy were followed closely, avoiding possible fines and interruptions in the import process.
- Customs operations: MWM handled the customs transit operation with the T1 document, the introduction into the bonded warehouse, and subsequent opearations such as import for buyer of the gooods.
- Acceptance and customs warehousing: the container underwent weighing and customs acceptance activities, following Italian customs regulations, before storage in the MWM’s customs wahouse. These procedures are essential to ensure that the goods comply with the customs regulations of the destination country. It is essential that companies involved in exporting or importing know the customs laws and regulations of the destination country, ensuring that they have to provide the necessary documentation and comply with acceptance procedure. The assistant of an experienced customs broker is often invaluable in making sure everything is done correctly.
Exporting to Italy: the importance of strategic consulting
The strategy proposed by MWM provided important benefits to our customer:
- Increased cash flow: by avoiding prepayment of Italian import duties and VAT, the company improved cash flow and complied with Italian tax obligations. As a result, the company enjoyed greater financial flexibility: more cash on hand, which it could use for other business needs. In fact, the payment of customs duties is due when the goods are extracted, in whole or in part, thus facilitating the replenishment of products without having to anticipate the cost of duties or VAT.
- Competitive advantage: photovoltaic panels from ChinaPV Tech could be stored in the bonded warehouse, allowing small quantities to be sold locally.
This ensured immediate availability for customers, deleting long shipping waits from China. In addition, potential customers were able to inspect the goods in advance.
Through the strategic use of the bonded warehouse and the export and import business consulting provided by MWM, ChinaPV Tech successfully expanded its presence in the Italian and European markets, offering efficient solutions to its customers.