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Customs Clearance - Procedure 40

Import Customs - Customs Procedure 40

Import Customs Clearance under procedure 40 means the release of goods into free circulation following the payment of customs duty, VAT and other taxes (anti-dumping taxes, agricultural taxes, excise duties and vehicle taxes).

If the package undergoes import customs clearance in the territory of the destination country, all duties must be paid prior to the release of these goods into free circulation for the importer to be able to dispose of them freely.

If the packages hold a preferential origin, they may be cleared under a reduced rate or zero rate. This means that customs duties do not have to be paid, only the VAT is billed on import. Preferential origin may be proved in several ways:

  • with the EUR.1 form,
  • with the statement of the exporter on the invoice, and
  • with the statement of the authorised exporter on the invoice.

The advantages of Customs Procedure 40

  • after the customs procedure, the importer can dispose of the goods freely;
  • customs procedure can be carried out on the basis of simplifications (HU);
  • the import guarantee of our company can be used.
  • VAT payment - self-taxation - NEW

    • on the basis of changes in the tax legislation, importers who are also taxable persons and are registered for VAT collection in Slovenia, can simplify the VAT charging on import
    • in this case, the VAT on imported goods is shown in the VAT charge and is paid when the taxable person submits the VAT charge.

Disadvantages of Customs Procedure 40

  • the availability of liquid assets for financing customs duty and VAT.

 

Responsibilities of the parties involved:

Importer

  • valid EORI and tax ID;
  • authorisation for customs representation to the freight forwarder;
  • the deferral of the payment of import taxes on the basis of its own guarantee or the freight forwarder’s guarantee

Carrier

  • correctly completed CMR showing where the package is heading and the final beneficiary.

Freight forwarder

  • document check;
  • verification of tax ID and EORI number validity;
  • the preparation of import documentation;
  • funds advanced (guarantee).

 

EORI validity verification 


VAT ID validity verification 

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