Reduce Your Duty Bill with Inward Processing Relief (IPR)
Paying duty is mandatory for most importers, but did you know that you don’t always need to do it? Customs Consultant Marino Vaccari discusses Inward Processing Relief (IPR) in this article.
What Is Inward Processing and What Are the Benefits?
Inward processing refers to importing goods into the EU, processing these, and hereafter exporting these out of the EU. One common inward processing example is when a product is imported for repair or maintenance and is later exported to be returned to its owner.
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