The rules of origin underpin the free trade agreement between the UK and the EU. Unless goods originate in either the UK or the EU, they cannot be shipped without paying import duties. Businesses buying goods from an EU supplier need to understand their production process and to trust their suppliers, as they are liable for any unpaid import duty and associated penalties for a false import entry. Businesses selling goods need to understand their production process and be able to substantiate that to customers, so that they can place faith on your statement on origin supplied with their goods. This will include if necessary, a detailed knowledge of the tariff classification of both raw materials and finished goods.
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The rules of origin underpin the free trade agreement between the UK and the EU. Unless goods originate in either the UK or the EU, they cannot be shipped without paying import duties. Businesses buying goods from an EU supplier need to understand their production process and to trust their suppliers, as they are liable for any unpaid import duty and associated penalties for a false import entry. Businesses selling goods need to understand their production process and be able to substantiate that to customers, so that they can place faith on your statement on origin supplied with their goods. This will include if necessary, a detailed knowledge of the tariff classification of both raw materials and finished goods.
If you are not a subscriber, subscribe now to read this content.
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