Exit Summary Declaration (EXS)

This is referred to as the combined fiscal and safety and security declaration. It is also known as a pre—departure message. The EXS provides security information to the customs authority in the EU country of exit if the movement involves goods passing through more than one member state and can also provide advance details to […]

An EU—wide digital mechanism for controlling the movement of duty suspended excise goods within the EU. It is applied through separate IT systems built and managed by each EU Member State.

This is the customs rate of exchange that is updated daily and can be found on GOV.UK. For imports declared on CHIEF, the rate of exchange is built into the system so every entry is automatically converted at the current customs rate; however, for imports declared in foreign currency in CDS, traders need to check

One of the 11 current Incoterms® 2020 (see below). Under Ex Works terms, a seller is only responsible for supplying goods at the nominated place (usually their premises) and plays no further part in the transportation process. For further information, please refer to the Incoterms® Guide.

The EU is a unified trade and monetary body of 27 member states. It eliminates all border controls between members and allows the free flow of goods and people.

The common currency used in 19 of the 27 member states of the European union: currently Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxemburg, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain. In addition, Andorra, Monaco, San Marino and Vatican City, which are not EU member states, also have formal agreements with

Excise Duty is a charge for certain types of goods that include alcohol, tobacco and some energy products. This charge is additional to any Customs Duty which may be due. For further information, please refer to the Controlled Goods Guide.

Goods which have a valid commercial or civilian function, but which could also be used for strategic, or military purposes. They are therefore subject to export controls (see below). Examples of dual—use goods include advanced materials, chemicals or metals, high technology machine tools and instruments, software and other technology. For further information, please refer to

Customs warehouses are operated by warehouse keepers, who must be authorised by HMRC. Customs warehousing allows goods to be held duty and VAT free until they are released to free circulation. See also Bonded Warehouse. For further information, please refer to the Special Procedures Guide.

Customs valuation is the determination of the economic value of goods declared for importation. Together with origin and classification, the customs value provides the basis for assessment of the customs debt, which is often calculated as a percentage of the customs value. For further information, please refer to GOV.UK.