Customs brokers SIA P&B Terminal carry out customs clearance of cargos under special customs procedures regulated by the General Commission of the EU Tax and Customs Union.
We include the following in special customs procedures:
- Temporary import of goods to the territory of the European Union from the third countries, as well as temporary use of these goods. It is often used when importing exhibits of exhibitions, fairs, as well as sports equipment. The period of stay of these goods in the territory of the European Union is limited to 24 months. Goods intended for re-exportation in unchanged form are fully or partially exempt from payment of import customs duty.
- Import to the territory of the European Union from the third countries for processing is registered with an import customs declaration, mandatory specifying the purpose of import. Possible purposes of import: actions with goods, including installation, assembly or attachment to other goods, processing of goods, destruction of goods, restoration of goods, including restoration and putting in order, use of goods not being products of processing, which are necessary for production of such products or facilitate it, even if they are wholly or partly consumed in this process.
- Export of goods outside the European Union for processing. For registration of export, the declarant provides a declaration and all necessary accompanying documents, including customs service permits. Upon subsequent import of goods after processing, they are allowed to be released for free circulation with full or partial exemption from customs duties (import customs duty, VAT).
- Registration of storage in the free zone of the European Union. There are free ports, as well as special economic zones, in Latvia. When registering storage in such an area, there is no need to submit a declaration or issue a guarantee for goods. Storage period in this case is unlimited. The right to provide the service of storage in the customs zone is granted to the companies having a respective agreement with the free port authority.
- Special customs procedure for storage in a customs warehouse. The registered storage procedure allows you to store goods in a customs warehouse during an unlimited period without applying import customs duty and other payments (VAT, excise tax) to them. This storage service may only be offered by warehouses that are under customs supervision and have permits to carry out such activities. Export of products from such warehouse must be closed with a declaration (for example, registration of import and release of goods into free circulation in the territory of the European Union), a special act on destruction of goods, an act on alienation of goods in favour of the state or a re-export procedure, when exporting goods outside the European Union.
We have experience in registering such declarations, permits, and the P&B Terminal warehouse has all necessary permits and licenses to provide services of temporary storage in the customs zone and storage in a customs warehouse.
