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Saturday , December 15 2018
Home / Duty Exemptions

Duty Exemptions

Temporary import

TIB

Temporary import Goods can be temporarily imported for, for example, demonstration purposes. If such a product is liable to import duties, a temporary import permit can be obtained. The product can then enter the EU free of import duties, provided that it is not used for production purposes and that …

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Treatment under Customs supervision

custom-super

Treatment under Customs supervision Production processes exist in which import duties are due on the imported raw materials but not on the end products. To make this kind of production processes economically feasible inside the EU, treatment under Customs supervision is possible. This allows the raw materials to be imported …

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Duty Exemptions: Inward Processing Relief (IPR)

IPR1

Inward Processing Relief Inward processing relief (IPR) can best be explained by means of an example. Suppose a manufacturer has to buy goods from outside the EU for the company’s production process, and the final goods will be exported to a customer located in a country outside the EU. As …

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Duty exemptions – Customs warehouse

warehoue

  Duty exemptions – Customs warehouse Companies that trade globally often open a warehouse in a European country from which they distribute goods. There are many EMEA (Europe, Middle-East, Africa) warehouses in countries like the Netherlands, Belgium, and Germany. The final destination of some of the goods that are brought …

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DUTY EXEMPTIONS

custom-duty

DUTY EXEMPTIONS The general rule is that duties are not refunded once they have been paid. However, under specific circumstances, duty exemptions are possible. Here, we describe four possibilities: Customs warehouse Inward Processing Relief Outward Processing Relief Treatment under customs supervision Temporary import  

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