Entry in Declarant’s Records (EIDR) – Explain

What is Entry in Declarant’s Records (EIDR) under UCC

 

Entry in Declarant’s Records (EIDR) is a new facilitation introduced under the Union Customs Code(UCC). In European Union (EU), Entry in Declarant’s Records (EIDR) allows economic operators to release goods to a customs procedure without the need to provide a full customs declaration at the point of release using a simplified data set via an entry in their electronic commercial records.  A supplementary declaration may be required at a later date providing the full fiscal and statistical information. When you declare your goods to a customs procedure by EIDR, you must notify HMRC that this has taken place. You can do this by sending an email containing minimal import data to a designated email account. HMRC can then take control over the goods where necessary. If you have an AEO authorisation, EIDR traders are eligible for a waiver from providing this information. The Local Clearance Procedure (LCP), is to be renamed Entry in the Declarants Records (EIDR) under the UCC. The EIDR authorisation holder must have an AEOC authorisation;

EIDR can be used to enter goods to free circulation, Storage (customs warehousing), Inward Processing, Outward Processing, Specific Use, temporary admission, export or re-export. EIDR cannot be used to enter goods for temporary storage, Onward Supply Relief, transit, any special procedure where an INF form is required, low value import, pre-departure declarations, indirect exports and exports of excise goods.

 

Click below for other interested posts:

 

Learn Exports Imports Free, Click here


How to export your product? 

How to import your product? 

Click here to know HS code of your product 


What are the risks and solutions in Export Business?  

Click here to know GST rate of your goods or service

GST exemption list of goods and service

Export marketing : How to get order

Disadvantages of Letter of credit (LC) for Exporter

Commercial risks and solutions under Export Business 

 Political risks in International Trade 

Explain Shipping Term, Verified Gross Mass or VGM

How will the aggregate turnover be calculated for the purpose of composition?

Deferred Payment of Import Duty Rules, 2017

 Is amendment of GST registration allowed in India?

 Cancellation of GST registration in India

Centralized GST registration of services permitted in India?

Supply in GST

Benefit of TDS to deductee under GST

TDS return under GST



Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers