inward processing procedure
1inward processing — A procedure allowing the import of goods for the purposes of processing and re exporting them (Art. 114 CC). The import duties are EU Customs Glossary • either suspended, together with commercial policy measures (suspension system), EU Customs… …
2customs procedure — The Community Customs Code provides for 8 customs procedures: release for free circulation, transit, customs warehousing, inward processing, processing under customs control, temporary importation, outward processing, and exportation (Art. 4 (16) …
3drawback — A tax or duty rebate on imported goods that are exported at a later date. Bloomberg Financial Dictionary One of the two variants of the inward processing procedure under which the import duties are paid at release for free circulation and… …
4IPR — Inward Processing Relief a customs procedure providing import duty relief for goods imported to the European Union ( EU) or removed from a customs warehouse, for process and re export outside the European Union ( EU). HM Customs & Revenue… …
5compensating products — Products resulting from processing under the inward or outward processing procedure. Main compensating products are those for the production of which the arrangements were authorised, whilst secondary compensating products are necessary by… …
6import goods — Goods placed under a suspensive procedure and goods that have been released for free circulation under the inward processing drawback system (Art. 84 (2) CC) EU Customs Glossary …
7Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… …
8cosmos — /koz meuhs, mohs/, n., pl. cosmos, cosmoses for 2, 4. 1. the world or universe regarded as an orderly, harmonious system. 2. a complete, orderly, harmonious system. 3. order; harmony. 4. any composite plant of the genus Cosmos, of tropical… …
9Life Sciences — ▪ 2009 Introduction Zoology In 2008 several zoological studies provided new insights into how species life history traits (such as the timing of reproduction or the length of life of adult individuals) are derived in part as responses to… …
10photography, technology of — Introduction equipment, techniques, and processes used in the production of photographs. The most widely used photographic process is the black and white negative–positive system (Figure 1 >). In the camera the lens projects an image of… …
