How duty is calculated for free circulation goods

Information on how duty is calculated for free circulation goods.

The duty liability discharged or due on goods depends on the proportion of goods entered to inward processing that are contained in the goods exported, moved, or discharged to free circulation. This is determined using the rate of yield agreed for the processing authorised.

There are two choices as to how the duty due is to be calculated. Importers can opt to use either. CSPOPEER Reg 23(1)(a) and (b) which allows us to determine the liability by reference to the goods as they stood when the declaration for the procedure was made (and not when the liability is incurred) or TCTA Part 1 Section 4.