The Developing Countries Trading Scheme.
In order to assist traders to prepare and successfully transition to the new developing countries trading scheme, HMRC has shared guidance which aims to provide clarification on a number of questions related to the new requirements.
The document provides information to questions such as “What about products already in a customs warehouse or in transit?“
To address these concerns, and in agreement with FCDO, for goods underway or already in CW as of 19th June and which qualify under DCTS, HMRC will accept the original proofs of origin issued under the UKGSP. The condition is that the goods are entered into free circulation on or before 31st December 2023. This is detailed in the attached document.
For more information, please read this document.
Source: BIFA
Published: 31st August 2023
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