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Definition: Temporary admission (of goods) for inward processing

comtrade_admin
Definition: Temporary admission (of goods) for inward processing

Temporary admission (of goods) for inward processing
"...means the customs procedure under which certain goods can be brought into a customs territory conditionally relieved from payment of import duties and taxes; such goods must be intended for re-exportation within a specific period after having undergone manufacturing, processing or repair...Operations allowed under the temporary admission for inward processing procedure may be carried out in premises designated as warehouses for inward processing..." [1]
 
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[1] See International Convention on the simplification and harmonization of Customs procedures [Kyoto Convention] (Kyoto, 18 May 1973), annex E.6, Sect. I, Definitions, definition (a) and Field of application, provision 2, note 5.

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Last Modified: 6 Years Ago
Last Modified By: comtrade_admin
Type: INFO
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