Economic Customs Procedures. What is the definition?

Economic customs procedures are mechanisms that help you obtain the necessary authorizations and also facilitate the procedures involved in handling declarations. Economic procedures apply only to non-Community goods - the only exception is the outward processing procedure. These types of customs procedures greatly facilitate the import and export of goods. 

Customs warehouse

This is an option for importers of goods and allows you to avoid paying duties and taxes as soon as your cargo is imported from abroad. You can then place it under the customs warehousing procedure. These types of customs procedures, such as bonded warehousing, can make the day-to-day running of an import-based business much easier.  

Inward processing

This is a mechanism prepared for manufacturers who use parts or components from outside the European Community for their finished products sent for export. If the manufacturer does not want to pay customs duties, it must use inward processing as part of the customs procedure. 

Processing under customs control

This is an economic customs procedure that allows the transport of goods originating from outside the European Union, which are to be processed in a country of the European Community and released for consumption on our continent. During this procedure, the transported goods are not subject to any additional fees and trade charges.   

Temporary admission

This is an economic customs procedure specially designed for entrepreneurs who wish to bring cargo into the European Union for a limited time only and wish to avoid additional customs duties or at least pay only part of them.

Otward processing

These are reverse customs procedures for customs processing. It is a procedure prepared for entrepreneurs who export an intermediate product or parts from the European Union and intend to manufacture a new product from it or to process it outside the European Union and then have it returned and sold on the Community markets. This type of procedure allows only one customs duty to be paid on the import of goods from outside the EU.