IMPORT FROM UK

INTERNATIONAL TRADE

IMPORT FROM UK

YEAR 2021

INCOTERM EXW

International trade

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questions

IMPORT/EXPORT GUIDE

introduction

index

international trade

This is a political process that achieved the UK's exit from EU membership. The first referendum took place on 23 June 2016, and was postponed until 31 December 2020, the end of the UK's post-Brexit transition period.

about brexit

INTROduction

international trade

obligations of the buyer

recommended for national territory

obligations of the seller

intermodal use, but due to its property it tends to be terrestrial.

incoterm exw

In our case, we are a Belgian company that intends to import car parts from Great Britain. So, let's start with the explanation in relation to our product.

1. Obtain the EORI number
2. Complet and submit a power of attorney
3. HS classification of products
4. Determine the value of your assets
5. Check if your products are banned or restricted in any way or if additional requirements are necessary.
6. Establish the origin of the goods
7. Customs import declaration
8. Paying taxes on goods

This is a guide which aims to help businesses understand the actions they need to take to trade between the UK and the EU.

INTERNATIONAL TRADE

IMPORT/EXPORT GUIDE

Persons established in the customs territory of the EU must apply for the assignment of an EORI number to the customs authorities of the EU country in which they are established.

How to apply?

The format of the EORI number is divided into two parts: - Country code of the issuing Member State - Code or number unique within the Member State

The Economic Operator Registration and Identification Number is indispensable in all customs procedures when exchanging information with customs administrations, whether based in the UK or in the EU.

1) OBTAIN THE EORI NUMBER

international trade

steps to follow

steps to follow

Information for the preparation of a power of attorney

Is a document that allows a person to act on behalf of another person in various legal proceedings. In this case, DSV needs the authorisation of the importing and exporting company to act as customs broker on its behalf.

2) COMPLET AND SUBMIT A POWER OF ATTORNEY

international trade

CODE: 8708 10 00 00

3) DISCOVER THE PRODUCT CODE

INTERNATIONAL TRADE

Commodity codes classify goods so that you or your broker can complete import declarations.Correctly classifying your goods means that you: - Pay the correct amount of duty. - Know if duties are suspended on any of your goods. - Know if any preferential duties may apply. - Know whether you need to obtain an import or export licence.

steps to follow

It is issued by the customs agent or the Authorized Economic Operator AEO. It must be completed on two sheets DV1 and DV1 bis. The main purpose of this requirement is to establish the value of the transaction to set the customs value (tax base) on which the customs duties are applied.

4) DETERMINE THE VALUE OF YOUR ASSETS

INTERNATIONAL TRADE

The DV1 is a document that accompanies the DUA Single Administrative Document and serves for the importer to declare all the elements that will serve as the basis for calculating the customs value of the merchandise dispatched and the application of the corresponding duties.

steps to follow

But you must bring these documents: -Commercial invoice -B / L -Packing list -Transport insurance -Import declaration (DUA)

The goods are unrestricted

5) CHECK IF YOUR PRODUCTS ARE BANNED OR RESTRICTED IN ANY WAY OF IF ADDIOTIONAL REQUIREMENTS ARE NECESSARY

INTERNATIONAL TRADE

steps to follow

How to get it? The certificate of origin is issued by the Chambers of Commerce and is valid indefinitely. However, the customs authorities of destination may require reworking of the certificate in the event that the issuance of the certificate and the merchandise is delayed.

6) ESTABLISH THE ORIGIN OF THE GOODS

INTERNATIONAL TRADE

The certificate of origin consists of a formal document whose function is to determine the country in which the merchandise has been manufactured.

steps to follow

The applicant for the certificate of origin must provide the Chamber of Commerce with the following documentation: -Marks and numbering -Quantity -Packing number and model -CMR letter to Belgium -Nature of the merchandise

6.1) ESTABLISH THE ORIGIN OF THE GOODS

INTERNATIOMAL TRADE

The documentation that the exporter must provide is the following: -Attach a responsible statement stating that you know the applicable regulations -Have documentation proving the place of manufacture

steps to follow

7) DECLARING OUR IMPORT TO CUSTOMS

international trade

The importer (Fleur) has the capacity to handle customs operations and processes since his business is large, therefore he will not need the help of any Customs Broker. Before that we must present Entry Summary Declaration The declaration will be electronic so it is necessary to have the necessary software to make that shipment. The ''DUA'' is the common document to make the import declaration in all member states of the European Union.

steps to follow

The ''DUA'' must include:

7.1) DECLARING OUR IMPORT TO CUSTOMS

INTERNATIONAL TRADE

• Identification of the participants in the operation.
• Customs Destination: Release for consumption.
• Identification data of the goods: TARIC.
• Data of the means of transport.
• Country of origin and destination.
• Commercial and financial information: incoterms, invoicing currency.
• List of documents associated with the SAD: commercial invoice, transport document.
• Declaration and method of payment of import taxes.

steps to follow

We will have to analyze in detail the goods we are working with, knowing what their tariff classification is.In our case, tariffs and quotas of 0% are established for all merchandise in import operations between the EU and the United Kingdom, as long as the rules of origin are met. Customs import expenses according to current legislation: -The payment of national taxes (''IVA'') will be cleared for consumption therefore we will not pay Belgian ''IVA''. Postal charges for handling and processing of shipments: -Processing of the Single Administrative Document (''DUA'') of Import. -Fee for presentation to Customs.

8) PAY DUTY OF THE GOODS

INTERNATIONAL TRADE

steps to follow

Reduan Barhou, Javier Gallur and Lucas Feliu.

INTERNATIONAL TRADE

We hope you enjoyed it, if you have any questions we are happy to answer them.

THIS WAs all, until next!

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