Joint transit will start operating on October 1

From October 1, Ukrainian companies will be able to send goods directly from their warehouses to at least 35 countries that are members of the Convention on the Common Transit Procedure, the State Customs Service reported.

“The Convention on the common transit procedure, the international application of NCTS is a new reality for Ukrainian business, which will begin on October 1. We initiated the workshop to focus on practical aspects of business interest. Interest in the seminar is unprecedented. We will continue communication so that businesses do not have any unanswered questions,” said Deputy Head of the State Customs Service Vladyslav Suvorov.

The department reminded that when goods are exported outside the customs territory of Ukraine at the border with the EU, a transit declaration is drawn up, and an Entry Summary Declaration must be submitted in advance (the Ukrainian general declaration of arrival is an analogue of such a European declaration). These declarations are often issued directly at the border checkpoint. The cost of relevant services is included in the price of goods transportation.

However, companies now have the opportunity to submit such declarations within the country. Provided that transit simplifications are obtained in combination with the simplifications provided for by the Customs Code, Ukrainian companies will be able to send goods directly from their warehouses to at least 35 countries that are parties to the Convention on the Common Transit Procedure.

Thus, companies will save money and time at the border.

Receiving simplifications is free of charge. The only thing a company needs to obtain them is the desire and time to understand the regulatory framework and fill out the appropriate application and self-assessment questionnaire.

Source: https://investory.news/