IMPORT FROM UK

YEAR 2021

IMPORT FROM UK

INTERNATIONAL TRADE

index

introduction

IMPORT/EXPORT GUIDE

questions

thanks

International trade

INCOTERM EXW

INTROduction

about brexit

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.

international trade

incoterm exw

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

obligations of the seller

OBLIGATIONS OF THE SELLER - To have the goods properly packaged, labelled and separated from the rest of the goods in its facilities. - The goods must be prepared in due time, not making the transport wait beyond the agreed time. - Deliver the necessary documentation of the goods to the buyer.

recommended for national territory

obligations of the buyer

OBLIGATIONS OF THE BUYER You will be responsible for the cost of transporting the goods, customs and export costs, insurance if required, taxes and any other costs you may incur.

international trade

IMPORT/EXPORT GUIDE

INTERNATIONAL TRADE

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

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

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.

steps to follow

international trade

1) OBTAIN THE EORI NUMBER

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.

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

How to apply?

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.

international trade

2) COMPLET AND SUBMIT 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.

Information for the preparation of a power of attorney

steps to follow

steps to follow

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.

INTERNATIONAL TRADE

3) DISCOVER THE PRODUCT CODE

CODE: 8708 10 00 00

steps to follow

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.

INTERNATIONAL TRADE

4) DETERMINE THE VALUE OF YOUR ASSETS

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.

The first sheet details the relationship between buyer and seller, with clear reference to the relationship between them, as well as the declared price, according to the true data of the operation. The second sheet details the additional costs incurred by the import operation (freight, insurance, etc.) and provides the amount of the exchange rate used in the event that the purchase was made in currencies other than the Euro.

steps to follow

INTERNATIONAL TRADE

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

The goods are unrestricted

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

steps to follow

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

INTERNATIONAL TRADE

6) ESTABLISH THE ORIGIN OF THE GOODS

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.

steps to follow

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

INTERNATIOMAL TRADE

6.1) ESTABLISH THE ORIGIN OF THE GOODS

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

steps to follow

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.

international trade

7) DECLARING OUR IMPORT TO CUSTOMS

steps to follow

• 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.

INTERNATIONAL TRADE

7.1) DECLARING OUR IMPORT TO CUSTOMS

The ''DUA'' must include:

steps to follow

INTERNATIONAL TRADE

8) PAY DUTY OF THE GOODS

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.

thanks

THIS WAs all, until next!

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

INTERNATIONAL TRADE

Reduan Barhou, Javier Gallur and Lucas Feliu.