SERVICES

CUSTOMS MANAGEMENT AND WAREHOUSING

 

The warehouse

Any location recognized by the Customs Authorities and subject to their control where freight is stored for an unlimited period of time until the operator wishes to transport them to a definitive destination within or outside of the Community customs territory, without incurring customs duties or any other payable taxes.

 

Main advantages

  • Suspension of Customs Duties.
  • Suspension / Exemption from Internal Taxes (VAT and Excise Tax).
  • Early payment of Export Refund.
  • Trade policy measures are not applied (Import License, etc.)

 

Indirect advantages

  • Improved liquidity as taxes are ONLY payable when clearance is required.
  • Security stocks can be generated without paying tariffs/VAT.
  • Delivery times to end-customers is reduced.
  • Improvements to the Purchasing Policy as more can be imported at the appropriate time (bulk trade discounts, suitable exchange rates, etc.) without paying taxes.
  • No need to depend on the Documentation of Origin to be able to take receipt instantly (reduction of delays, processing while waiting to receive licenses, Form A, etc.).

 

TYPES OF WAREHOUSE

 

Customs Warehouse (CW)

The Customs Warehouse is a site that is exempt from the payment of tariffs, VAT, excise taxes and the application of restrictive trade policy measures for freight coming from third countries.

 

Having goods stored at the CW enables our customers to:/p>

  • Temporarily store goods before subsequent re-export, being exempt from any fiscal obligation.
  • IDeposit goods for provisional storage and subsequent re-export to other EC member countries. Depositing as such exempts the operator from tariffs until departure. The VAT is not payable as the operation is an inter-community delivery of goods.
  • Deposit goods for assembly, repair or preparation before subsequent re-export, with exemption from taxes both when being deposited and departing.
  • Store goods that lack the necessary documentation for definitive import.

 

VAT Bonded Warehouses (VBW)

The VAT Bonded Warehouse is a site exempt from the payment of VAT for goods originating from the European Community or third countries that have previously been released with the corresponding payment of tariffs

 

Storing goods in the VBW enables our customers to perform the following operations, among others:

  • - Depositing goods for temporary storage and subsequent export for partial or total sale to companies that are not resident in Spain, with exemption from payment of VAT on departure from the VBW (export VBW).
  • - Depositing goods for temporary storage and subsequent export for partial or total sale to companies that are resident in Spain, with exemption from payment of VAT on departure from the VBW (import VBW). Payment of VAT is made on departure of the goods from the VBW, with our customer having the option to request a refund of this amount at the time of payment by submitting Form 380, ‘VAT Return for Transactions regarded as Imports’.
  • - Depositing goods for storage for an unlimited amount of time prior to settlement of tariffs and without payment of VAT.

 

Temporary Customs Warehouse (TCW)

The Temporary Customs Warehouse is a site exempt from the payment of tariffs, VAT, excise taxes and restrictive trade policy measures for freight coming from third countries. In contrast to the CW and the VBW, the TCW cannot be used on an indefinite basis. A maximum limit of 45 days applies in the case of goods that have arrived by sea, and 20 days for goods that have arrived by land or air. The TCW is often used in cases in which the goods must be classified or sampled, or they are awaiting the arrival of the documentation required to be definitively cleared through customs., as well as in cases of clearance for consumption, transit, deposit in another warehouse, re-export, etc.

 

Tax Warehouse (TW)

The Tax Warehouse is a typical institution in the field of excise taxes, regulated under Law 38/1992, dated 28th December, Article 4.7a of which states that “by virtue of the granted authorization, with the conditions and requirements established by law to store, take receipt of, issue and, when applicable, process goods subject to manufacturing excise taxes, under a suspensive customs regime”. Examples of goods that often use this type of warehouse include alcohol, tobacco, etc.

 

Premises authorized for export goods

Premises authorized for export goods enable our customers to give customs inspectors access to their goods in our own facilities, thereby avoiding the need to transport the goods to the customs facilities established by the Customs Authorities in the various Spanish ports and airports to process their clearance for export.