Customs Procedure 42 is a simplified import procedure for non-Community goods which does not require payment of VAT at customs upon import; instead, it is paid at the destination country in the European Union. This way, you pay only the relatively lower cost of duties and avoid the financial burden of VAT when importing your goods into Greece. VAT is paid by your customer in the destination EU country when sold, if an intra-Community transaction is involved.
Following a recent amendment to the law, Procedure 42 cannot be used for clothing or footwear.
Procedure 42 is combined with the Customs Warehousing procedure in the event the merchant has not yet found an end customer to sell their goods to.
Procedure 42 is a complex procedure for businesses which are not familiar or experienced with customs transactions. For this reason, partnering with BMR Customs Brokers can offer multiple benefits. Our professional customs brokers are deeply knowledgeable about Procedure 42; this ensures compliance with current regulations but also protects you from potential sanctions or charges.
