(By Balaseshan) Descartes Systems Group (NASDAQ: DSGX) said it has signed first service provider agreement with Nippon Automated Cargo and Port Consolidated System Inc. (NACCS Center) for Japan Customs' advance filing rules compliance.
Descartes will electronically file customs documents to Japan Customs in compliance with the newly enacted Advanced Filing Rules. On March 30, a bill to amend part of the Customs Tariff Law was passed through the Diet legislature in Japan.
This amendment enacts the Advance Filing Rules, which require a vessel operator or non-vessel operating common carrier (NVOCC) to electronically submit to Japan Customs the information on maritime container cargo intended for a port in Japan.
[Related -Descartes (DSGX) To Acquire Integrated Export Systems In Asian Push]
In principle, this submission should happen no later than 24 hours before departure of the vessel from a port of loading. The electronic report from foreign filers will be made through service providers authorized by NACCS Center. Descartes' Customs & Regulatory Compliance solutions help to keep goods moving across borders, whether by air, land or sea.
Descartes bridges the information gap between logistics organizations and regulatory authorities around the globe, such as Japan Customs, to enable efficient cargo security screening, customs declaration filings and compliance across a broad spectrum of regulatory initiatives.
Descartes is a global provider of federated network and global logistics technology solutions that help its customers make and receive shipments and manage related resources.
[Related -Descartes Systems Group (DSGX) Downgraded To 'Sector Performer' By CIBC, PT Lifted To $9.50]
DSGX closed Thursday's regular session down 0.65% at $8.61. The stock has been trading between $6.72 and $9.29 for the past 52 weeks.