UCC CCI simplification allows EU companies to centralise and integrate accounting, logistics and distribution at a single point in the EU, bringing many advantages, making them more effective and competitive in the globalised market, regardless of their location.
Customs warehousing allows the owner to hold imported non-Community goods in the Community and choose when he pays the duties or re-exports the goods.
Common customs tariff duties are applicable to all goods imported into the European Union.
Inward processing allows imported raw materials or semi-manufactured goods to be processed for re-export within the Community by Community manufacturers without a requirement that the manufacturers have to pay customs duty and VAT on the goods being used.
Outward processing allows Community goods to be processed abroad and, when they come back into the Community to be put into free circulation, that duty has to be paid only on the value added abroad.
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