Outward processing
Special customs regimes
Principles for classifying a product in the Harmonized System.
Outward processing is a customs regime that allows companies to temporarily export goods from the European Union for processing or repair abroad, before re-importing them without paying customs duties or with reduced duties. This process is particularly advantageous for companies looking to optimize their production costs while maintaining an efficient supply chain.
Advantages of Outward Processing
- Cost savings: Customs duties are only applied to the added value during processing abroad, which can significantly reduce costs.
- Flexibility: Companies can choose the best partners abroad for processing their products without worrying about customs barriers.
- Increased competitiveness: By reducing production costs, companies can offer more competitive prices on the market.
Conditions to Meet
To benefit from this regime, certain conditions must be met:
- Prior authorization: An application must be made to the customs authorities before shipping the goods.
- Rigorous tracking: Companies must keep an accurate record of the goods shipped and re-imported.
- Compliance with deadlines: Goods must be re-imported within a timeframe set by the customs authorities.
Practical Tips
- Planning: Ensure you plan your operations well to meet the imposed deadlines and conditions.
- Documentation: Maintain clear and precise documentation to facilitate administrative procedures.
- Consultation with experts: Engage customs experts to optimize your processes and avoid costly mistakes.
In conclusion, outward processing is a powerful tool for companies seeking to maximize their efficiency and competitiveness in the international market. By complying with the conditions and planning carefully, companies can fully benefit from this advantageous customs regime.