Retail Accounting Centre (RAC) Decommissioning Project Beer - - PowerPoint PPT Presentation

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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

SLIDE 1

Beer Industry Information Overview Sept 11, 2015

Retail Accounting Centre (RAC) Decommissioning Project

SLIDE 2

Topics

1. Background 2. Current State: Import Beer Process 3. Future State: Import Beer Process 4. Key Changes and When 5. Next Steps

SLIDE 3

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

SLIDE 4

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.

SLIDE 5

Future State – Import Beer Process

Customs Bond 4 5

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 Advance Shipping Notice

(ASN) for distribution to Wholesale Customers.

5. Payment made to supplier or agent

SLIDE 6

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.

SLIDE 7

Next Steps

1. Please send your questions / comments by September 17, 2015 to: Manager, Regulatory – Michael Bhala: michael.bhala@bcldb.com 2. On Friday, October 2nd 2015, a RAC Stakeholder meeting will be held where emailed questions and beyond will be answered.