PCC (Processing Under Customs Control)
PCC, or Processing Under Customs Control, allows an importer/manufacturer to import components from which to manufacture goods for sale in the UK, without paying duty on them. The duty liability on the manufactured goods is then calculated in 2 possible ways:
- The cost of the imported components plus the cost of processing within the EU
- The cost of the imported components plus the value of the UK and/or EU sourced components.
Costs are reduced by allowing an importer to pay duty at the rate due on the goods they have manufactured rather than on the imported components. It follows, therefore, that the duty rate on the imported components must be, on average, higher than the rate of duty on the finished goods.
Processing Under Customs Control (PCC) software can also provide you with significant savings if your finished product is zero rated. It enables you to:
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→ Enquire about Ricardo PCC (Processing Under Customs Control)