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09:51 Mar 21, 2007
This question was closed without grading. Reason: Answer found elsewhere
English to French translations [PRO] Marketing - Transport / Transportation / Shipping
English term or phrase:Inwards Process Relief
"In addition to contract administration, the team control and manage the import of goods which includes complying with all the UK Inwards Process Relief regulations – providing information to the UK Customs and Excise on a quarterly basis."
I have no idea what this is and cannot find any explanation even in google! Many thanks for your help!!!!
Inwards processing relief (IPR) is a scheme which allows goods to be imported to the EU, processed in some way, and then re-exported, avoiding the need to pay duty on them. An application has to be made to Customs prior to importation for IPR approval and this can be a simplified method for just a single shipment, or a more detailed application where regular trade is anticipated. By advising Customs in advance that the goods are intended to be re-exported, they are able to satisfy themselves about the type of cargo being imported. When the goods are finally re-exported, Customs are informed in advance of shipment, and can be sure that the same goods, albeit re-processed, are then exported. Research suggests that many shippers do not take full advantage of this type of cost-saving opportunity.