This one-day workshop is designed for anyone currently operating an Inward Processing (IP) system or considering the benefits of IP for their business. Inward Processing Relief (IP) can save you a lot of money but can also prove quite a headache! Whether you already operate IPR, or would just like to know more, this practical workshop unravels the mysteries.
We will look at the impact of the EU Union Customs Code (UCC) on the application, the requirement for duty guarantees and administrative processes involved in managing IP. As well as reviewing the IP application form and the C99/ C&E812 suspension returns, we will also look at what internal processes are required. Delegates are offered the opportunity to bring in samples of their own IP documentation for review. The course has been fully revised to take into consideration the new Customs procedures and takes a look at the link between IP audits and AEO requirements.
Delegates are assumed to have some knowledge of import/export. The workshop sessions include selecting the type of IP, completing an application form and the business implications plus submitting HM Customs reports. Delegates may bring a copy of their own IP applications or records to review during the day, although this is not essential.
Programme of Topics:
1. WHAT IS IP; Customs Notice 221; Assessing the Benefits
2. APPLYING FOR IP: The new C&E810 Procedures – local or specific authorisations and the simplified applications
3. SPECIFIC AUTHORISATIONS: New simplifications, the new “Economic Test” Rules – understanding the jargon. The link to AEO [C] Approval
4. INFORMATION NEEDED TO COMPLETE AN IP APPLICATION
5. ROLE OF HM REVENUE & CUSTOMS
6. DUTY DRAWBACK OR SUSPENSION UCC: changes and bank guarantees/waivers
7. IMPORT & EXPORT PROCEDURES
8. DEALING WITH OTHER IP TRADERS: Transfer – the new UK systems now C&E811 have gone and INF forms for EU transfers
9. IP “DISPOSAL” PROCEDURES: Exporting Repaired or Replacement Goods;