14 / 21 Release for free circulation
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Module 14
In this course, you will become familiar with one of the two main customs procedures that enable the vast majority of international trade transactions. This is the release for free circulation (also called simply 'import'). This procedure concerns non-Union goods intended to be placed on the EU market or intended for private use or consumption within the customs territory of the EU. To carry out this customs procedure, importers must comply with numerous requirements regarding taxation, trade measures, prohibitions and restrictions and complete the necessary paperwork.
Lessons
The module consists of three lessons:
- Introduction to customs procedure of release for free circulation. Learn what customs procedures are in general and release for free circulation in particular. Find out what conditions of the release for free circulation procedure are (including examples from the court practice).
- Legal requirements for the release for free circulation. Learn the main Union Customs Code provisions on this procedure, non-tariff and tariff requirements as well as some aspects of the customs status of goods released for free circulation.
- Customs formalities required for goods releasing for free circulation. Learn how to deal with the single administrative document, or customs declaration, required for the customs procedure of release for free circulation.
After watching the videos, please do the quiz.
Outcome
At the end of this module, you should understand:
- What is release for free circulation and what does it mean for international trade;
- The conditions and requirements for placing goods under this customs procedure;
- What you should do to comply with the requirements above;
- How to avoid the main risks related to the release for free circulation;
- What are the implications of the release for free circulation;
- Where to find the necessary information for successfully completing the release for free circulation procedure (databases, other sources).
Time
Please plan to dedicate around 3 hours to complete this part.
The prominence given to free circulation in the structure of the UCC is an indicator of its importance - it was considered by the EU legislators that it is appropriate to devote a separate chapter to the procedure, despite its brevity.
Dr Gediminas Valantiejus