Inwards Process Relief

12:59 Mar 22, 2007 

10:03 Mar 21, 2007 

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.