RE-EXPORT is the export of goods previously imported into a country. In some cases, re-export includes the purchase and sale of goods abroad without shipping them into the country. It is customary to distinguish two types of re-export:
· direct re-export is a procedure in which the re-exported goods should be delivered to the resident country.
· indirect re-export is the procedure under which re-exported goods can be supplies immediately to any other territory, bypassing the resident country.
Imported goods often mustbe re-exported. Such situations arise when after customs clearance defects or discrepancies with the specifications or requirements of the consignee are discovered.
Various equipment also often requires re-export by the original owner after import for use etc. Commonly, re-exports can be conducted by sea or by air.
These procedures can be accomplished by submitting the necessary documents along with supporting documentation to the customs authority of the relevant country.
Currently, our company provides both direct and indirect re-exportation services. The difference between them is the following: direct re-export involves the import of goods into the country, while indirect does not imply it, i.e., it is the situation when the goods or products purchased abroad are sent to third countries. Certainly, our customers can choose the type of service, but the indirect type is the most profitable and cost-effective now.
An entrepreneur or a company planning to implement this procedure should know that the customs regime of re-export includes mandatory provision of specific documents and payment of customs duties and taxes. We do our best to bring clarity to all the above.