Approved Exporter Status is used to prove exported goods meet the preferential rules for applicable free trade agreements e.g. between the EU and Korea.
This does not need to be presented to Customs, a Chamber of Commerce or Institute of Chartered Shipbrokers office for authentication prior to export.
An approved exporter is an exporter who has met certain conditions imposed by the customs authorities and who is allowed to make out invoice declarations.
General Approved Exporter rules are as follows:
- The Exporter, when shipping, declares the goods are originating
- The declaration can be provided with an invoice, packing list or delivery note
- The declaration has a ‘no value limit’
- You will be provided with an authorisation number and the wording for the declaration
- An EUR1 is no longer required
- Goods for Turkey using an ATR receive pre endorsed forms from Customs, to be printed by the Exporter without the need for submission to the Chamber and used in conjunction with an invoice declaration
What shall you do to benefit from it?
- Apply on HMRC website with the application C1454
- Must be able to provide suitable evidence (BOM) that the products meet the applicable rules of origin
- Have appropriate records that are auditable
- South Korea will not accept an EUR1 and Approved Exporter status REX is required