Companies that import goods for processing and subsequent export outside of the EU, can potentially reduce their customs duty payments by making use of the IPR regime. Duty relief may still be claimed if the imported goods are transferred to another authorised IPR trader, or to an alternative customs procedure (e.g. customs warehousing).
In most cases, it is necessary to obtain prior authorisation from Customs before using IPR. HCL can assist importers by obtaining authorisations on their behalf, setting up suitable record-keeping procedures and providing on-going support to ensure that all obligations to Customs are met.
Advice can be given on all variants of the IPR regime, including;
- IPR Suspension
IPR Drawback
Prior Export Equivalence
Processing under Customs Control (PCC)
Outward Processing Relief (OPR)
Goods and raw materials exported outside the EU for processing or repair and subsequent re-import can be relieved from customs duty under OPR. The scheme effectively allows the value of the exported products to be deducted from the declared customs value for the purpose of calculating duty. Replacements for damaged or faulty goods can also be imported at reduced or nil duty under the OPR regime.
Contact HCL for further details and advice on all aspects of the OPR regime, including;
- Triangulation
Standard Exchange Scheme (SES)
SES with prior importation
Retrospective IPR/OPR
Provision now exists to retrospectively reclaim duty paid against historical imports of IPR/OPR goods, where relief was not claimed at the time of import. This is conditional on appropriate substantiating evidence being provided to Customs, and is limited to goods imported during the previous twelve-month period.
HCL can prepare and submit reclaims, with fees based on a percentage of the recovered duty.
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