The transit of goods with T1 or T2 documents without paying import duties
Goods that arrive from outside of the EU, or that have not yet been released for free circulation, may not be freely traded. Why not? Import duties and VAT must be paid first of all. Sometimes customs clearance at the time at which you trade the goods is an attractive choice because, for example, this yields a liquidity advantage. A T1 transit document then offers a solution. Because, for goods covered by a customs transit procedure (also known as transit), a T1 document is required for the Customs Authorities.
A T1 transit document is required when:
- Goods enter the EU and you don’t yet know whether they will remain within the territory of the European Union
- Goods enter the EU for storage under customs control
- Outbound consignments are sent from your customs entrepôt
Gaston Schul’s customs specialists are able to outline precisely the relevant benefits, they can help you to request a licence for a customs entrepôt and submit declarations on your behalf through the NCTS system. That is ensuring certainty in customs matters.
Gaston Schul can assist you with
- Making the correct transit declaration
- Assistance with non-discharge of transit documents
- Arranging for licences for the storage of T1 and T2 goods
- Exploiting customs opportunities to strengthen your competitive position
Smooth movement of goods throughout Europe with a T2 document
Free movement of goods applies within the EU. Do the goods originate from a different member state? If so, an import declaration does not need to be made with the Customs Authorities. Import duties also do not apply. But not all countries in Europe are part of the EU. As soon as goods enter the territory of a non-EU country during their journey, such as Switzerland or another EFTA country, we will ensure that you hold a valid T2 document for transit in that country.
In addition, when exporting goods to an EFTA country, they have to be accompanied by an export declaration and T2 document to demonstrate that they are Union goods. In this way, the T2 goods can be declared in the country of destination.
Nobody wants to pay excessive import duties and VAT
Exploit customs opportunities by utilising the customs transit procedure. That is because you can defer payment of import duties and VAT for a prolonged period, or even avoid it completely. This also offers more flexibility for the logistics chain. Our customs advisors will clarify with you where there is room for optimisation.