Release for free circulation
Also called: serbest dolaşıma giriş · home use
The procedure that gives non-Union goods the customs status of Union goods. It involves collecting import duty, applying commercial policy measures and completing other formalities. Release for consumption also requires payment of VAT and excise, which may be handled at the same time.
In practice
This is what most people mean by importing, and the moment of release fixes the rates and rules that apply.
EU
Türkiye
UKRelated terms
- Customs procedure
- The legal status under which goods are placed by a declaration. In the EU the procedures are release for free circulation, export, and special…
- Customs duty
- A tax levied on goods when they cross a customs border, most often on import. It is calculated from the tariff classification, the origin and either…
- Import VAT
- Value added tax charged on goods when they enter a VAT territory, collected by customs together with duty. Its base is normally the customs value…
- Customs declaration
- The act by which a person indicates, in the prescribed form, the customs procedure to be applied to goods and provides the data needed to apply it,…