£0 – £60

An Introduction to Inward Processing and other Customs Special Procedures

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Date and Time

Location

Location

Durham County Cricket Club

Fosters Lounge (Tower 3 floor 2)

Chester-le-Street

DH3 3QR

United Kingdom

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Refund Policy

Refund Policy

No Refunds

Event description

Description

An Introduction to Customs Warehousing (CW), Customs Freight Simplified Procedures (CFSP) and other Customs Special Procedures

Event 10th April 2019

Time: 1pm start - 4.00pm

Venue: Durham County Cricket club, Chester le street (Fosters Lounge, Tower 3 floor 2)

Cost: £50 + VAT Standard and Non-members

(Free to North East England Chamber Global members – 2 places per company)

We are delighted to announce that John Griffiths, the local HMRC International Trade Development Liaison Officer (ITDLO), is our guest presenter for the 3rd seminar in a series of presentations on Customs Special Procedures.

This half day seminar will feature an explanation of Customs Special Procedures and then focus on the Inward Processing regime.

If you are trading internationally and import raw materials and/or components to use in your manufacturing process, then you could be eligible for Customs import duty and Import VAT relief on these imported goods. Having an Inward Processing Authorisation enables a you to suspend customs duty and VAT at importation, use the goods in your manufacturing process and then export the finished goods. (conditions of an IP authorisation will apply)

Inward processing and the EU

Currently goods purchased from within the EU are mostly in free circulation (with a few exceptions), so when the UK leaves the EU and the UK becomes a 3rd country, import duty and VAT may become applicable to these goods. After the UK leaves the EU, using the inward processing regime could therefore assist UK businesses when importing these same goods by suspending duty and VAT at the UK border subject to the conditions of their IP authorisation.

John’s presentation will feature the following:

Special Procedures:

Transit – External & Internal

Storage- Customs Warehousing & Freezones

Specific Use - Temporary Admission & End Use

Processing - Inward & Outward .

Inward Processing

Aims of IP, Methods of IP, Conditions of approval, Types of authorisation

Calculation of duty advantage, Economic codes to be used, Receipts into IP

Movements into and out of IP, Processing under IP, Disposals

Third Country Export, Discharging IP, Disposal to Free Circulation .

Equivalence / Accounting Segregation, Prior Export Equivalence, Bill of Discharge



This event is essential for those exporting/importing businesses, freight forwarders, and customs agents who need to be aware of the current customs facilitations available to them now in order to help them prepare for Brexit.

This is the third of a series of events on customs procedures that the Chamber has been proud to arrange in association with HMRC.


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Date and Time

Location

Durham County Cricket Club

Fosters Lounge (Tower 3 floor 2)

Chester-le-Street

DH3 3QR

United Kingdom

View Map

Refund Policy

No Refunds

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