Equivalent goods
Also called: equivalence · eşdeğer eşya
Union goods that are stored, used or processed in place of the goods placed under a special procedure. They must normally have the same eight-digit code, commercial quality and technical characteristics as the goods they replace.
In practice
Equivalence gives flexibility in inward processing and warehousing, but needs a specific authorisation and careful records.
EU
Türkiye
UKRelated terms
- Inward processing
- A special procedure allowing non-Union goods to be imported without duty for processing, repair or other operations, with the processed products then…
- Prior exportation
- A form of inward processing in which processed products made from equivalent Union goods are exported first, and the non-Union goods they replace are…
- Special procedures
- The procedures other than release for free circulation and export: transit, storage (customs warehousing and free zones), specific use (temporary…