188体育

Prior Export Equivalence (PEE) applies where free circulation goods equivalent to those identified in the [SM1]聽are exported before non-UK goods are entered to inward processing.聽

The quantity of authorised equivalent goods, contained within the exported product determines the authorisation holders 鈥榙uty credit鈥�.

The duty credit is offset when the same quantity of non-UK goods is subsequently entered to IP within the 6-month time limit.聽聽

Goods exported under PEE prior export equivalence must be exported under customs control. This provides for HMRC to monitor exports using equivalence and the opportunity to examine or take samples to verify the equivalence criteria are met.聽

The replacement non-UK goods will be imported from a third country. However, replacement goods can also be taken from customs warehousing, or another IP聽authorisation holder.