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Monday 30 May 2016

What Are The Different Types of Customs Documents?


There are several types of customs documentation associated with the international trade that might be for the United Kingdom or banking purposes, other departments of the government or destination customs. However, some documents are more frequently encountered than others. They have been described below in detail:

Commodity Codes

These are essentially internationally accepted 6-digit codes used for classifying shipped commodities in order to levy the right duties and taxes on them. The codes decipher if any export licenses are required. It also determines the need for import licenses when goods hit destination customs as well as the specific tax and duty rates that are to be applied.

Export Licensing

The movement of certain strategic goods, particularly those having military purpose, is regulated with the help of export licenses. UK exporters usually obtain this license from the Export Control Organisation. Companies providing customs clearance services are able to produce Customs declarations needed for exports that are licensable.

Certificates Of Origin

Customers often ask for a Certificate of Origin either for banking purposes or customs clearance. Freight forwarding firms that have comprehensive global coverage can provide simplified documents for several destinations, such as higher value allowances and legalisation at destination prior to requirement of certificates.

Movement Certificates

Forms EUR1 and ATR1 provide proof for supporting preferential trade with the nation of Turkey and several other countries having reciprocal trade agreements with EU. These documents are obtained from Chambers of Commerce or through commercial consular services provider. Services generally include issuing of certificates and on-line application. It is, however, possible to make use of simple procedures like low value declarations of invoice, EUR2 and ATR2 documents, or even by getting authorised exporter status. These procedures are present in detail within customs notices 827 & 812 available at official website of HMRC (Her Majesty’s Regulations & Customs).

Customs Declaration For Exports

UK customs typically necessitate export declarations for goods departing the UK on single administrative document via the National Export System. As a result, there are several things to consider before exporting goods from UK . For someone exporting commodities covered by a license, using duty relief schemes or from a warehouse that is bonded, there are many companies that can provide customs declaration for controlled goods.

Thus, there are some of the most important documents associated with customs clearance in UK. It is utmost important for importers and exporters to keep themselves knowledgeable about these paperworks.

1 comment:

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