The flagship of the software developed by Microhelp over the last thirty years is the "Bonded Warehouse System". It completely meets the requirements of the three interested parties for a stock control system aimed at this administratively intense area; the system holds and reports on the data most important to the warehouse keeper and the owner of the goods and still manages to cover the data and record keeping to comply with all current HM Customs regulations.
With the ability to charge RH&D for LCL cargo by carton, cube, pallet, or weight it is one of the most comprehensive suites on the market. Rent can also be charged out on the same basis with consignment and invoice minima to ensure that the package has a tangible payback.
The system has evolved considerably since its first incarnation in 1984, equally capable of handling free-store (Duty paid) stock or consignments subject to Import Duty, VAT, Anti-dumping duty and GSP, the system is very simple to operate yet powerful enough to seriously compete with products costing 5 times as much.
CFSP is the electronic successor to scheduling and allows the warehouse-keeper to advise HMRC (HM Revenue and Customs, formerly HM Customs and Excise) of removals from "Bond" into free circulation and ensures the timely and correct payment of import duties and VAT.
All of the data is extracted from the warehouse system and the CFSP module is supplied as an integral component of the Bonded version of the warehouse system. The system uses internet, e-mail and avoids the considerable additional capital cost and complexity of a DTI (direct trader input) system and does not attract the "traffic" costs of such systems.
HMRC are in the process of releasing CDS, the latest method to supply Customs Warehouse removal declarations. We are working hard with our Business Relationship Manager at HMRC to ensure that we are ready to roll out the new programs to interface with their API when the system goes live.