Duty Processing

A key challenge for the inventory controller is to minimise or at least defer unnecessary inventory related expenditure whilst maintaining target service levels. Holding inventory in a bonded location means that payment of duty, taxes and other tariffs on those items can be delayed until much closer to the point of sale. Alcoholic beverages and tobacco-based products are examples of products that are typically managed in this way. Myridas Duty Processing recognizes the differences between bonded and duty paid locations and manages the cost implications of moving specific inventory between the two types of site.

Key Features

• Bonded site management
• Item duty information
• Under bond sales & pricing
• Duty liability tracking

Application Power

• Simplified inventory processes
• Duty accounting
• Responsive to individual customer requirements

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