Search

Verex, located in Terneuzen, The Netherlands is an independent customs broker for all import, export, and cross-border deliveries or shipments. The Verex team has extensive experience in customs, VAT, and excise duty. As fiscal representative and customs agent, Verex provides all services that …

Improve Your Cash Flow When a foreign business conducts economic activities in the Netherlands, like importing goods , they need to adhere to the administrative obligations of the Dutch VAT laws.  This Value Added Tax (VAT), 21 per cent for most goods, needs to be paid when you import goods into …

What is “Union Status”? Goods have union status when they are obtained in the European Union, imported into the EU and released into free circulation, or produced wholly from goods which fit the aforementioned criteria. If your goods are not released into free circulation under these conditions, …

What is Origin?  Essentially there are two types of origin. There’s the origin determined by where the goods were in free circulation and the origin where the goods were manufactured. For example, a car manufactured in Japan has been imported to Germany and sold by a German car dealer to a customer …

Please be aware that the classification of your goods has an impact on: Duties Import- and export limitations Documentation requirements Licenses Commercial policy measures Security measures How are goods classified? Goods are classified according to the Harmonised System. The customs …

Customs Support Group continues to grow. Over 400 employees in more than 40 offices in 5 countries support businesses with customs & trade expertise. These numbers went up again on August 5. Expanding the family On August 5 we welcomed CPS France to the Customs Support family. The company, founded …

What is the Carbon Border Adjustment Mechanism (CBAM)? The Carbon Border Adjustment Mechanism (CBAM) is an initiative in the European Union that is designed to combat “carbon leakage”. This is the term given to manufacturing emissions that are released outside of the European Union. Although the EU …

What is import duty? Import duty is a tax that is levied on goods that are brought into the country from abroad. Unlike VAT, duty is not reclaimed during the normal course of business, so it should be accounted for in the cost of the goods when you are making your purchasing decisions. Depending on …

These numbers are important because 20% of the containers contain hazardous gases. Depending on the cargo, a wide range of off-gassing production chemicals, sterilants, and fumigants in these containers potentially pose a serious threat to transport workers, warehouse employees, and customs …

What is IPR?  Inward Processing Relief, or IPR, is a procedure enabling you to process, modify, destroy, or repair imported goods without the obligation to pay customs duties. It’s a form of economic licence which allows you to gain an advantage when producing or handling raw products. You are …