US Branch Storing Equipment in the UK

A $1M saving in Import & Export Charges

A US branch company, 'E' was the storage facility for a company that worked in the pipeline industry. Much equipment was stored in Lancashire between non-EU projects yet at import VAT & duty were due even if the equipment had previously been imported into and exported from the EU.

By setting up a bonded warehouse, all charges were removed since the company always re-exported to non-EU countries. Savings estimated at $1M over the first 3 years were achieved.

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The Customs People can provide essential guidance on all aspects of customs regulations, whatever type of business you are running. Contact us by calling 0161 826 8926, or fill out an enquiry form and we will be in touch.

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Our clients are both importers and exporters in a wide range of areas, including textiles, heavy manufacturing and food, and we help them all to approach the customs process in the best way for their business.

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