Customs

Customs Approved Warehousing

Customs approved warehouses allow the deferral of duty and excise payments until the goods leave the warehouse instead of being payable at the time of entry.  Detailed management reports allow customers to focus on efficient stock management whilst minimising duty liability.

IPR/OPR

GKN Freight Services manages inward and outward processing relief to ensure that, duty liabilities are minimised. IPR provides the option of duty relief on goods imported from outside of the EU for processing and re-export. Similarly, OPR allows duty relief on goods exported from the EU for processing and re-import. The benefits of IPR and OPR improves cash flow and minimises duty payments. GKN Freight Services operates IPR management software to accurately track the flow of materials or components and produce the necessary reports to support any reclaim.

Deferment Account Management

GKN Freight Services offers the use of a deferment account or management of a customer’s deferment account. Customers no longer have to prepare bank drafts for customs.

Fiscal Representation

Through our fiscal representation service, GKN Freight Services enables our customers to reduce their administrative burden. Fiscal representation can include the management of tax and duty accounts and the submission of quarterly value-added tax returns. Customers can be assured that submission deadlines are met and a complex additional financial and administrative burden is avoided.

To access the customs web page for any country, please click on the link below for the World Customs Organisation: