Meat: IMTA arrangements
An optional arrangement has been agreed for establishing values for sheepmeat carcases imported ‘on consignment’ from Australia and New Zealand under Method 4(a). Details of the arrangement are outlined in Notice 252 Valuation of imported goods for customs purposes, VAT and trade statistics. It must be emphasised that the arrangement can only be used where Methods 1 and 3 cannot be applied.
|4(b)||This method should only be used in exceptional circumstances where Method 4(a) is not appropriate. For example there may be no weekly price list available at the beginning of the season for certain cuts of meat which are not imported on a regular basis. In such circumstances it will be necessary for the meat to be entered under appropriate security arrangements (deposit or guarantee).|
In due course the importer must provide appropriate evidence of the realised sales to enable the deposit to be adjusted. It is not necessary to wait for a whole consignment to be sold. As soon as, say 20% has been sold to arrive at a representative unit price, the deposit can be adjusted by reference to that unit price.
There is no reason to leave deposit entries outstanding for long periods.
Where meat is imported, entered to and removed from Customs Warehouse ‘on consignment’.
|Where meat has not been sold in bond or ex-warehouse, the value should be established under Method 3 or 4(a). The price list to be used is the one valid on the date of receipt of the delivery order at the warehouse. The delivery order may be a form, letter, telex or other written notification.|