Retail Accounting Centre (RAC) Decommissioning Project Beer Industry Information Overview Sept 11, 2015
Topics 1. Background 2. Current State: Import Beer Process 3. Future State: Import Beer Process 4. Key Changes and When 5. Next Steps
Background • RAC was put in place as import beer customs clearance through the Customs Bond took approximately 2 weeks to clear • Canada Border Services Agency has agreed to streamline this process • Hence, no longer a need for RACs
Current State – Import Beer Process Legend: 1. Issuance of a Letter of Importation (Purchase Order). 2. Supplier ships product to Commercial Warehouse. 3. Movement of product from Sufferance to Customs Bond storage (elect to defer payment of duty and tax). 4. Issuance of Release Purchase Order (RPO). 5. Inventory transferred into RAC. 6. Payment made to supplier or agent. 7. RAC Operator distributes to wholesale customers.
Future State – Import Beer Process Customs Bond Legend: 5 1. Issuance of a Letter of Importation (Purchase Order). 2. Supplier ships product to Commercial 4 Warehouse. 3. Movement of product from Sufferance to Customs Bond storage (elect to defer payment of duty and tax). 4. Issuance of Advance Shipping Notice (ASN) for distribution to Wholesale Customers. 5. Payment made to supplier or agent
Key Changes and When • Product will be shipped out of bond to wholesale customers instead of bond to RAC to customers • Advance Shipping Notices (ASN), formerly known as Release Purchase Order (RPO), will be required to be sent to LDB • Customs Bond operators will require system setup and changes for this • Date of RAC Decommissioning: January 2016.
Next Steps 1. Please send your questions / comments by September 17, 2015 to: Manager, Regulatory – Michael Bhala: michael.bhala@bcldb.com On Friday, October 2 nd 2015, a RAC Stakeholder meeting will be 2. held where emailed questions and beyond will be answered. 1. Please confirm your attendance by September 24, 2015.
Recommend
More recommend
