Economic Customs Procedures are customs procedures in the European Union which offer companies the possibility to save import duties. Those duties can be saved for example if a production company in the European Union imports raw materials and produces end-products while those end-products are exported outside the European Union (Inward Processing Relief; IPR). Another possibility to save import duties is to pay import duties not over the raw materials imported in the European Union but over the end-products produced within the European Union (Processing under Customs Control; PCC).
Further there are many other planning opportunities where the most advantaged way to calculate import duties can be used.
To be able to use an Economic Customs Procedure, a company has to be in the possesion of a license on forehand. Aksyd customs specialists are specialised in:
- Determining the most favourable customs procedures with economic impact for a company
- Determining the most advantageous way to calculate import duties in combination with customs procedures with economic impact. negotiate with customs authorities the best position for clients
- Filling in application forms for Economic Customs Procedures
