Inward Processing Relief (IPR) is distinguished from other customs regimes by its suspension principle: non-EU goods (raw materials, components, semi-finished articles) are temporarily imported under customs control, processed or assembled within the EU, and may then be re-exported in original or transformed form—all without incurring import duties or certain consumption taxes during processing.
Source: https://ec.europa.eu/taxation_customs/business/calculation-customs-duties/customs-procedures/inward-processing-relief_en
Tools that match this term
You might also be interested in these terms
Analyze all 11 Incoterms 2020: cost matrix, risk timeline, insurance gap detector and customs responsibility – free, no login required.
Weekly: Top news, industry facts and insights from the world of logistics – free.
Content reviewed and editorially cleared.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.