About Customs Management Solution (CMS)
To navigate the evolving trade landscape, there is an imminent need to conform to a growing multitude of international trade standards. Customs Management Solution (CMS) helps solve the complexity of managing all aspects of Customs clearance processes.
Customs Management Solution is a computerised system that handles all aspects of Customs processes such as imports, exports, transhipments, and transits electronically and in accordance to the relevant legislation. Its objective is to facilitate risk assessment, speed up customs clearance and strengthen authorities’ ability to collect tax and duty payments.
Leveraging the system’s analytics capabilities, the solution enhances duty collection as shippers’ declared valuations can be verified against a historical database.
The solution powers robust risk management by applying risk weightings to cargoes which helps enforcement officers identify high-risk cargo for inspections. Detecting illicit and other high-risk cargo while maintaining timely clearance for the majority of low-risk cargoes becomes easier for customs officers.
CMS can interface with an existing legacy system such as the Single Window. It can also operate as a standalone system or be deployed together with the other functional components of the TFP.