It also implements the gradual reduction of duty rates for products covered by the "Declaration on the Expansion of Trade in Information Technology Products" agreement, also known as the ITA agreement. The relevant part of the agreement, which specifies the reductions to be implemented by 2023, can be found on the World Trade Organization's website. The CN codes introduced throughout 2022 can also be found on the European Union's EUR-Lex website.
Plus we are supported by 1500+ customs experts from across Europe. Meaning that we can provide you with full-service solutions and Empower your Global Trade. So, what exactly do we do?
Customs Freight Simplified Procedure is a straightforward, efficient, and cost-effective import process that Customs Support Felixstowe are authorised to operate on behalf of, or directly for regular traders in the UK.
With races sometimes a week apart, logistics teams need to be as well-oiled as the cars to keep things moving. A single piece of equipment can be the difference in a race, with winning and losing sometimes coming down to milliseconds on the final lap.
This is why there are often five or six sets of duplicate equipment moving at the same time. Teams need guarantees that their equipment will be there for the events. But with all the high-speed chaos of transporting Formula 1 around the world, how are all the goods moved through customs? Find out in this article.
The Process Before Using Inward Processing
Let’s look at the business case for one of our clients, a company specialising in calibrating and repairing specialised measuring equipment. Customers worldwide ship their devices to our client in the Netherlands. They work their magic and send the machine back to its owner.
If we become your customs broker, there are several legal obligations we have to obey. One of these obligations is a thorough screening of our clients. With that screening, we make sure our clients are compliant with all rules and regulations. The law requires us to check a list of up to 40 items to make sure we know every relevant detail about you and your business. For example, we review your business credit score at Dunn & Bradstreet.
What is an MRN?
MRN stands for Movement Reference Number. The Customs Authority issues a Movement Reference Number (MRN) in each member state. The MRN number is the customs registration number that enables the customs authority to identify and process your shipment in the customs system. It is the primary reference for customs declarations and the most important link with your goods.
Risks and Costs for the Seller
There is no risk and cost for the seller in getting the goods delivered to the buyer. The seller is not even responsible for loading the goods when they are picked up. The seller has to properly pack and label the goods and get them ready for shipment.