What is Inward Processing?
Inward Processing (IP) is a Customs Special Procedure that allows for suspension of customs duties and/or VAT on goods imported from outside of the UK when they are destined to be used for processing or repair.
Discharge of goods can be in the form of, but not limited to:
- Re-export
- Removal from IP to release for free circulation
- Removal from IP to an alternative special procedure
What to expect from this whitepaper?
Expert insights: Gain knowledge from professionals who understand the significance of inward processing, how is it used and how to apply it.
Practical advice: Implement actionable strategies and best practices for every stage of the exporting process.