- Goods from outside the EU must undergo customs formalities before entering the EU.
- Temporary Storage Facilities (TSF) allow imported goods to be stored in a warehouse while awaiting customs clearance.
- TSFs ensure goods remain secure and under customs control for up to 90 days.
- Goods can be inspected, sampled, or analyzed if necessary, especially if documents are missing or additional inspections are required.
- Once customs formalities are completed, goods can leave the TSF and be delivered to their final destination.
- TSFs allow goods to be unloaded before customs formalities are completed, reducing transport costs.
- TSFs can be set up at the importer’s or exporter’s premises with a registered customs representative (RCR).
- Users only need to appoint a contact person to liaise between the RCR and the customs service.
Source: asd-int.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "European Union"
- Loyalty Points Are Not Vouchers for VAT: CJEU AG Opinion in Lyko Operations Case
- EU Charter Sets Procedural Safeguards and Limits Sanctions in VAT Enforcement: Key CJEU Rulings
- CJEU Clarifies VAT on Transfer Pricing Adjustments and Intra-Group Services: Key Implications for Businesses
- EU VAT Reforms and Menstrual Poverty: Addressing Access to Affordable Sanitary Products
- Making ViDA Work: Reflections on the ViDA Implementation Dialogue
