Import Customs - Customs Procedure 40

Category

• Business Supplies >> Goods >> Other Business Products

Description

Import Customs Clearance Procedure 40 is a process that allows for the release of goods into free circulation after the payment of customs duty, VAT, and other relevant taxes. This procedure is crucial for importers to legally and freely dispose of their goods in the destination country.

During import customs clearance, all applicable duties must be paid before the goods can be released into free circulation. However, if the packages have preferential origin, they may qualify for a reduced or zero rate for customs duties. In such cases, only VAT needs to be paid upon import.

Preferential origin can be proven through various documents, including the EUR.1 form, the exporter's statement on the invoice, or the authorized exporter's statement on the invoice.

By opting for Customs Procedure 40, importers benefit from the advantage of being able to freely dispose of the goods after completing the necessary customs procedures. This allows for seamless integration of the imported goods into the marketplace.

For any inquiries or assistance regarding Import Customs Clearance and related procedures, please contact RCM D.O.O., based in Prevalje, Slovenia. They can provide the necessary guidance and documentation for a smooth customs clearance process.