- In a Freeport customs site, import duties, import VAT, and some trade measures are suspended while goods are stored or processed under the Freeports customs procedure.
- Goods brought in for use or consumption in the site are not covered by duty suspension; if they are first stored, duties and VAT must be paid before they are used.
- Businesses with customs warehouse or inward processing authorisations can also use a customs site, but must follow both Freeport rules and their own authorisation conditions.
- Goods may be inspected by the CSO, including opening sealed transport units, and some goods are prohibited or restricted from being brought into a customs site.
- Domestic goods can be used in a free zone without special authorisation, but businesses must keep records and notify the CSO about them.
Source: gov.uk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
