Our Russian customer paid Pro Forma for an order prior to the sanctions being put in place.
Once the sanctions were introduced we were not allowed to ship the ordered goods (we still have them here).
The customer then requested we refund the money paid, and it is our understanding that we cannot legally return this at this time as the sanctions prohibit this taking place.
Multiple discussions have taken place with this customer about the situation as they are not happy with the current status, they are trying all ways for us to refund them for example we return the money via a third party in another country.
Is there a way of transferring the money, do we need to go through the licencing scheme
Any suggestions please
We are based in the UK (Company A) and purchasing from our Italian distributor (Company B) who will direct ship to our S Ireland customer (Company C).
Company B is stating to Company A that they need to charge Italian VAT at their rate of 22% is this correct. Any advise please
Has anyone used or have information regarding exporting goods from the UK to the EU under Procedure 42. Thanks
Unlike traditional customs procedures, where customs duties and VAT have to be settled when goods reach European Union territory, the customs procedure known as “procedure 42” allows the company concerned to benefit from an import VAT exemption if certain conditions are observed.
Thanks Sunil and apologies as I need further clarification.
to clear the goods from our Customs Warehouse to free circulation if using the purchase value on the import declaration would we be the importer on record and the exporter on record
When we import our Spanish material into our CW, we use CPC 7100000. Then we export it to our client using CPC 31 71 000.
When imported into the EU
On the French market, the agent use CPC 61 10 when he is doing the import declaration on behalf on our clients.
On the Belgium market, the agent use CPC 40 00 000 when he is doing the import declaration on behalf on our clients.
On the Scandinavian market, the agent use CPC 40 10 + F01 when he is doing the import declaration on behalf on our clients.
Question is why different CPC codes going into the EU also our clients are requesting the INF3 form to be completed by our original supplier
Any help would be fantastic