Transferring of rights and obligations from the holder responsible for the customs procedure to another operator who can be used for end-use customs procedures as well as for other procedures.
The simplification and harmonization of international trade procedures, including activities, practices, and formalities involved in collecting, presenting, communicating, and processing data required for the movement of goods in international trade.
This is the prime method for determining the Customs value as defined in the WTO Valuation Agreement.
Determination of transfer prices for transactions between related parties.
A movement where the goods are imported and exported within the confines of a UK airport or port in the course of a movement which started and will end outside of the UK.
