PFIC : Passive Foreign Investment Company

Please see google definition - complex and various meanings

Read more POAO : Products of Animal Origin

Product as defined in The Products of Animal Origin 

Read more POUS : Proof of Union Status

The document used can be, for instance, a T2L or another document accepted in the Union customs legislation, such as an invoice or shipping company's goods manifest. The document has to be endorsed by Customs.

Read more Pre-Entry

Relates to the requirement that goods must be declared to customs prior to export.

Read more Preference

An agreement between the EU and a non-EU country allows goods originating in that country to be imported at a preferential rate of duty. The quantity of goods allowed to be imported at preferential rates may be restricted by tariff quotas or ceilings.

Read more Principal

The person who places goods under the transit procedure, even where this is done by an authorised representative.

Read more Processing under customs control

A procedure allowing goods to be imported under suspension of import duties.

Read more Proof of origin

Proof that the goods fulfil the origin requirements.

Read more

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