Half Day Seminar – Revised Incoterms® Rules for 2010Introduction to Export OperationsExporting - Understanding the PaperworkDocumentary Letters of Credit, Drafts and BillsA Foundation Course in ImportingExport Controls and LicensingWinning Export BusinessAppointment and Management of Overseas Agents and DistributorsAdvanced Export PracticeBecoming An Authorised Economic OperatorClassification of Goods - Using Commodity and Tariff CodesInward Processing Relief
Inward Processing Relief
Continuous Professional Development
This course is graded as intermediate level and would qualify for 15 Continuous Professional Development points. If required, the CPD certificate will be issued by the Institute of Export
Seminar Description:
Inward Processing Relief (IPR) is used to obtain relief from customs duty and import VAT on goods that are imported from outside the EU for processing and subsequent re export out of the EU. The basic principle is to allow UK exporters to be more competitive by reducing their processing costs. Processes that are permitted under IPR include manufacturing, sorting and packing, repair and refurbishment.
Organisations must be authorised to use IPR and Customs impose strict obligations to comply with the IPR procedures, which are perceived to be onerous and deter many from using IPR despite the potential benefits.
This half day training course will examine the principles and terminology of IPR and some of the alternative available. It will look at the options available within IPR, the methods of operation and compliance with Customs requirements
Duration:
Half Day
Who should attend?
- Those new to IPR
- Experienced staff who wish to update their knowledge
- Those responsible and concerned with their company's compliance procedures
Topics Covered:
- Reasons for using IPR
- Conditions for using IPR
- What constitutes a “process”
- Types of Authorisation
- Application for Authorisation
- Drawback or Suspension
- The Customs Declarations
- Customs Procedure Codes
- Record Keeping
- Bills of Discharge
- Diversions
- Alternatives to IPR