What is Inward Processing?
Inward Processing A customs procedure allowing imported goods to be processed and re-exported with suspension of import duties and taxes.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Inward Processing” Used in Practice?
Inward processing allows manufacturers to import raw materials duty-free for processing and subsequent re-export.
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Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
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What is Inward Processing?
A customs procedure allowing imported goods to be processed and re-exported with suspension of import duties and taxes.
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