Exports and temporary exports are not the same
Exports and temporary exports might sound similar, but according to customs they are not the same and require different procedures.
As their names lead us to think, temporary exportations are a different procedure compared to regular exportations, and we need to proceed in a different way to ensure that we are communicating Customs what kind of exportation we are dealing with to avoid unexpected VAT payments once the goods return in the EU.
Are there products that can’t be exported?
Before we get into technical details, it is important to mention that some products such as medicines and certain organic products are under EU Customs control, and they cannot be exported without a special license.
What makes an export “definitive”?
An export is considered definitive when exporter takes the goods out of the EU not declaring that they will be back or officially declaring that these goods are for final exportation.
What are the consequences of a “definitive export”?
The goods will lose their EU status, and it will be necessary to import them again in case you are returning with the intention of getting their EU VAT paid status again.
What is a temporary export?
The clue is in the name… it is an export of EU goods that go abroad for a limited time up to 24 months. It refers to goods that are temporarily sent outside the European Union for different reasons.
What is a temporary export for repair?
It is possible to send goods out of the European Union to perform some repair or improvement works out of the Union territory while keeping their EU status, but this is a special Customs regime that needs to be reviewed and followed individually and case by case, you can always reach our team and they will be delighted to assist you and study your case personally.
Check our EVOBlog focused on the new temporary admission procedures in Spain, allowing your vessel to be in and out of the EU without losing their EU status.
Evolution Yacht Agents can assist you with any of the procedures mentioned before. Our many years of experience helping our clients allow us to help you to make the best choice for your situation. We have our own in-house customs broker who will be at your service to offer leading-edge advice for your imports and exports. Don’t hesitate to contact us at customs@evolutionagents.com for personalized consultation and any assistance.
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