Inward Processing Relief (IPR) and Outward processing relief (OPR) are a set of Customs procedures for goods that are either entering the country for a process or returning to the country after a process has been completed. A ‘process’ could be service such an inspection, repair or modification.
IPR and OPR are not used as a way of avoiding import duty and tax, but are procedures that are set to ensure that you only pay duty and tax on the applicable value of the process that has been carried out on the goods.
At broker solutions we have extensive experience of using IPR and OPR procedures, get in touch with us today to find out how we can help you.