Preference calculation
Every company based in the EU must carry out a comprehensive customs preference calculation for its products if it exports products to states with which the EU has signed a preference agreement. The consignees in these states have the benefit that the goods can be imported duty-free or at a reduced rate. Having evidence of entitlement to tariff preferences is therefore an important selling point for many internationally competitive export companies.
Our FORMAT preference calculation allows you to benefit from this competitive advantage. Our software solution allows you to obtain, optimise and document the preference properties for your products.
And you will gain a dual benefit from the preference calculations from FORMAT:
- Fulfilling the obligation to provide the controlling authorities with proof of compliance
- and also providing flexible responses during the design phase and parts list generation, for example by the replacing primary materials in order to gain the benefits of entitlement to tariff preferences.
We have had our software solution for preference calculations certified by TÜV Hessen. The certificate confirms the software functions for the requirements, monitoring and issuing of supplier declarations, as well as the calculation of preference and originating statuses for products with extensive and multilevel parts lists.