Considerable reduction of import duties and a noticeable positive cash-flow effect during the first month. Thanks to new customs routines Volvo Aero in Trollhättan, Sweden, manufacturer of aircraft, rocket and gas turbine engine components, saves money, time and work.
Since a great proportion of the advanced components are imported, import duties and taxes are a major cost factor. Most will be refunded when the final products are shipped from the factory, but this is a complicated process and in the meantime cash is tied up.
We developed new customs procedures which resulted in an immediate cash-flow effect and real cost savings.
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