Date: 2013-08-05

Importing your goods from outside the European Union

Reliefs on imports for export or re-export

There are a number of customs procedures that can benefit traders who plan to send their goods out of the UK.

If you are importing goods that you will later export or re-export, you may be able to claim relief from customs charges due on importation.

Temporary Admissions (TA)

It is important to note that TA does not remove the need to comply with any import/export prohibitions or restrictions, for example for drugs, counterfeit/pirated goods or endangered species (including derivatives such as ivory, furs and goods made from skins).

If goods are to be temporarily imported for use, relief from import duty or VAT may be available provided the goods will remain in the same condition as they are imported, eg goods for demonstration, professional equipment, samples, goods for an exhibition or for humanitarian purposes.

One method of TA is the ATA carnet. The carnet is issued in the country of dispatch usually by local chambers of commerce and industry and is used in place of customs documents normally required at import and/or re-export. ATA carnets are only applicable in countries which are signatories to the ATA Carnet or Istanbul Conventions.

You cannot use any of these reliefs for goods that you plan to process before re-exporting. However, minor handling is permitted to preserve the goods and prevent their deterioration.

Processing and re-exporting

If you are importing goods that you intend to process and then export, you can claim Inward Processing Relief (IPR). There are two methods of duty relief - suspension and drawback. IPR suspension allows you to import and process the goods while suspending duty and VAT payments. With IPR drawback, duty and VAT is paid on importation but can be reclaimed.

Onward supply to the European Union (EU)

If you are importing goods that you plan to supply to another EU member state, you may be able to claim Onward Supply Relief (OSR). This allows you to import the goods without paying import VAT. Instead, VAT is paid when you supply the goods to your customer.

( liyy )15 Dec,2010

Previous: Finding overseas suppliers
Next: Import risk analysis for safety and security

Hot Products:

Product Model	Inside Diameter	Outside Diameter	Thickness
24168EK30 NACHI	340	580	243
23168EK NACHI	340	580	190

【TradeBearings News Statement】

1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"TradeBearings".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.