Course description
Inward processing (IP) is used to obtain relief from customs duties and import VAT on goods that are imported from outside the UK for processing. The basic principle is to allow UK exporters to be more competitive by reducing their processing costs. Processes that are permitted under IP include manufacturing, sorting, and packing, repair and refurbishment.
Programme Summary
This half day training course will examine the principles and terminology of Inward Processing (IP) and will also look briefly at Outward Processing (OP) and the methods of operation and compliance with Customs requirements.
Key Learning Points
- Conditions for using IP
- Operational methodology
- What constitutes a “process”
- Application requirements
- Options available within IP
- Roles of agents, carriers and forwarders
- The customs declarations
- Record keeping
- Bills of discharge
- Outward processing
Upcoming start dates
Outcome / Qualification etc.
Benefits of Attending
- Develop an understanding of the Customs Procedures with Economic Impact
- Understand the rules and obligations of businesses using Inward or Outward Processing
- Identify the potential benefits of Inward or Outward Processing for businesses.
Training Course Content
- Making a Customs Declaration
- Understanding EIDR and the CDS
- The role of the C88 or Single Administrative Document
- Using the correct Customs Procedure Code (CPC)
- Inward & Outward Processing steps
- Applying for approval
- The importance of record keeping
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St Andrews Management Centre
St Andrews Management Centre is an independent training provider, based in Fife in Scotland, which provides accredited and non-accredited learning to clients in the domestic and international markets. Our specialisms include Leadership & Management, Coaching and Mentoring, Project Management, Finance...