Sale in transit involves goods being transported from country A to country B via the territory of another country; the goods are not ultimately destined for that country’s market, but rather forwarded to the country of the buyer. Trade in transit involves the need to follow certain procedures. Which ones? How to comply with them? What must you bear in mind? Our customs agency specializes in handling these issues.
What is transit trade and how does it work?
An example of sale in transit may be the sale of goods from a manufacturer in the UK to a buyer in Poland. The goods are transported in transit through France, Belgium, the Netherlands and Germany; fiscal clearance takes place and the goods are released for circulation within the EU. The goods are then delivered to Poland, where the taxes due are settled with the filing of a revenue declaration. The opportunities presented by transit trade, which our customs agency facilitates, allow entities involved in the international exchange of goods to optimize expenses related to the settlement of taxes which would be assessed on an enterprise under the standard procedure of release for circulation.
Within our Customs Agency, AC Porath supports entrepreneurs by providing them with management of all formalities related to transit trade and the import of goods from third countries to Poland and other EU countries, with fiscal clearance at Dutch and German ports and internal offices.