NEWS & BLOG
Views: 210 Author: Site Editor Publish Time: 2022-10-26 Origin: Site
T1 Transit Document is a transit procedure for goods transiting within the EU and EFTA countries.
Here is the list of contents:
· What is a T1 Shipping Note?
· What is a T1?
· Why do I need a T1?
· How does the T1 transit procedure work?
· How do I apply for a T1 document?
A T1 shipping note is a customs document used for cross-border shipment of goods to transport customs goods from one customs office to another. Basically, T1 shipping note is used to ship non-EU goods within the EU.
T1 transit procedures are opened by customs at the place of departure. To create a T1 file shipping details such as shipper and consignee names, package quantity, total package weight, number of seals, etc. are required.
Armed with this information, shipments can be seamlessly traced from sender to recipient during T1 shipments. It also ensures proper customs clearance of the goods.
A T1 is a transit document that allows the free movement of goods originating outside the EU within the EU.
The main benefit is that no duties or taxes need to be paid when goods are moved from one country to another within the EU. This continues until the shipment reaches its intended final destination.
Anyone acting as the principal of a transit shipment must provide a bond to ensure payment of duties and other charges in the event of non-compliance with T1 document requirements.
The guarantee is usually in the form of an independent party (such as a bank) accepting responsibility, jointly and solely with the principal. All T1 declarations must be made electronically using the new Computerized Transit System (NCTS).
Although NCTS is largely a paperless system, a cover document known as a Transit Accompanying Document (TAD) must be present while the cargo is in transit and should be accompanied by the cargo at any transit office and destination en route Office show.
The Transit Accompanying Document has a unique Mobile Reference Number (MRN) generated by NCTS when it accepts declarations. The MRN appears on the TAD in number and barcode form.
Once the shipment has reached its final destination, the community transit process is complete and the destination office will provide the principal with a receipt. Any duties and taxes will be paid at this time.
The Principal or its representative needs to submit an electronic declaration (IE015) to the NCTS at the Office of Departure via EDCS, XML or email via the NCTS portal
Once the declaration is accepted and processed, the system will create a Transit Accompanying Document (TAD), which will accompany the shipment as it transits.
Goods destined for the EU (eg Sweden) arriving at UK seaports from countries outside the EU (eg India) do not have to clear customs and pay taxes on arrival at UK ports if they have a T1 document.
Instead, the goods will be cleared in the country of destination (Sweden in the above case) and any import duties and taxes will be paid at local rates in Sweden rather than the UK.