HMRC have published a new Customs Information Paper (CIP) relevant to businesses that import goods to a customs warehouse or require an authorisation to operate a customs warehouse.
The CIP advises that the relevant Customs notice (232) last published in April 2002 has been updated. The notice explains the storage arrangements known as customs warehousing. Under these arrangements payment of import duties and/or VAT is suspended or delayed when non-Community goods are stored in premises or under an inventory system authorised as a customs warehouse.
In addition the C1410 application / authorisation form has been revised and updated to comply with the EU model format.