| The following procedures
briefly outline the import procedures necessary to guide a UK business
through the process of placing an order with a foreign supplier,
payment and subsequent importation to the UK.
Please note that in many cases, special circumstances
may alter these requirements or their sequence. Out staff are very
experienced, and are on hand to advise you. Please feel free to
contact us on any matter.
We're here to help you.
1. Application for an Import Licence
2. Open Letter of Credit
3. UK Importation
4. Arrange collection and delivery
1. Import Licence
You should be aware that many countries, including
the UK, aim to limit the quantity of their imports, or to restrict
importation of certain categories of goods. Such controls are usually
achieved through the imposition of import licences, quotas, duties
or levies. For goods imported into the UK, import licensing is implemented
at ports and airports by HM Customs and Excise, who are also responsible
for the collection of revenues due.
Goods are imported into the UK under either
an Open General Licence or an Individual Import Licence. Most imports
can be covered under the general licence but an individual licence
will normally be required for goods specified in the Schedule of
the Licence such as clothing, textiles, steel, firearms and agricultural
produce. Individual licences are either 'Open' (valid for one year
for the import of a specific commodity without restrictions as to
quantity or value) or 'Specific' (valid for the importation of a
stated quantity or value of a specific commodity and valid for a
defined period).
For further details please contact the Import
Licensing Branch at the following address.
Import Licensing Branch
Queensway House
West Precinct
Billingham
TS23 2NF
Telephone: 01642 364333/334
Fax: 01642 533557
E-Mail: enquiries.ilb@imlb.dti.gov.uk
2. Open Letter of Credit
Letter from the importer's Bank, addressed to
the exporter giving the Bank's promise to pay an agreed sum of money
to the named exporter for goods ordered by the importer.
This is a considerably secure method of payment as it replaces the
unknown credit of the buyer with the unimpeachable credit of the
Bank.
The Letter of Credit can be clean or documentary.
A clean Letter of Credit makes cash available on demand. Letters
of Credit used by traders are always documentary. This means that
the exporter is required to produce documents stated in the Letter
of Credit evidencing current shipment of the goods ordered before
the money is released.
3. UK Importation
Trade with countries outside the European
Union
UK Customs & Excise
All goods imported into the UK must be declared
to HM Customs & Excise for the assessment of duties and other
levies. This is your responsibility as the importer, however as
an appointed agent, we would be pleased to declare the goods on
your behalf.
VAT, Duty Levies and Surcharges
You are liable for VAT, duty levies and surcharges
which must be paid or deferred before imported goods are released
by customs.
Trade within the European Union
Since the beginning of 1993, member countries of the
European Union (EU) constitute a single customs area which allows
for the unrestricted movement of the majority of goods and services
between member states. This means that most goods imported between
countries of the EU do not need any accompanying documentation,
although import licenses may still be required for certain goods.
As no documentation is required, statistical information on intra-EU
trade must now be provided by importers, on a quarterly or monthly
basis depending on the level of business.
4.
Arrange collection and delivery
Once your goods are cleared by HM Customs and
Excise, we will arrange for their collection from the port (air
or sea) and deliver to either your premises or your clients
premises.
There maybe occasions when you are not quite ready
to receive the goods, or instances where you have imported a large
consignment and wish to receive the order piecemeal. We will arrange
for the storage of your goods, close to the port, therefore avoiding
unnecessary transport costs, until a time when you are ready to
accept deliver pieces of the order.
To avoid the necessity to pay UK import taxes until
their delivery, we can organise for storage at a Customs approved
warehouse facility. |