Inward and Outward Processing

Inward Processing (IP) is used to obtain relief from customs duties and import VAT on goods that are imported from outside the UK for processing. The basic principle is to allow UK exporters to be more competitive by reducing their processing costs, Processes that are permitted under IP include manufacturing sorting and packing repair and refurbishment.

 

This half day training course will examine the principles and terminology of IP and some of the operations available within IP and will look briefly at Outward Processing.

 

Conditions of using IP

Operational Methodology

What constitutes a ‘process’

The customs declaration

Options available within IP

Bill of Discharge

Outward Processing

 

This course is funded by InvestFife therefore places FREE but are limited to one person per company.  Numbers are limited and on a first come first served basis. Please contact Morag Durie to book this course at moragdurie@fifechamber.co.uk or more info click here

Places are limited to 1 person per company. This course will be delivered online via Zoom, you will need a PC with camera and microphone.

 

This event is part of a Programme of Workshops and Training being delivered under the InvestFife brand, which incorporates all of Fife Council’s Economic Development services, including the following teams: Investment Property & Development, Business Enterprise, Investment and Property & Employment Land, which in partnership with Business Gateway Fife, Fife Chamber of Commerce and Scottish Development International aims to support businesses in Fife. InvestFife’s ethos and what drives its services is its commitment to making ‘Fife the best place to do business’.