Customs & Voluntary Disclosure

This is a valuable paper & contribution on voluntary disclosure of information from private sector to Government agencies done by the AP regional chapter of our World Customs Organization (WCO) Private Sector Consultative Group (PSCG), where we from Maersk are members.

The ability for traders and other supply chain operators to pro-actively engage with customs on matters of compliance can be surprisingly difficult to do.

Such disclosures have no, to very little, resource implications for customs, often result in the recovery of previously unaccounted for (and unlikely to be detected) revenue and increases the quality of trade statistics for government policy makers.

The RPSG-AP has produced a paper on Voluntary Disclosure (attached) for the WCO and hopefully it promotes consideration by customs on the advantages of formalizing Voluntary Disclosure as a core and ongoing component of customs policy & practice.

It is now distributed globally.