Customs Procedure 2: Outward Custom Processing

RESEARCH PLAN
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Student Name Date
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TOPIC 1 TOPIC 2
Campus West Bay, Doha Subject Code CUS
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RESEARCH PLAN
CUSTOMS PROCEDURE 2: Outward custom processing.
1. Clear explanation of the Procedure
The term outward processing can be defined as the exact opposite process of the
inward processing. This process allows the community goods to be processed
abroad. Along with this, when they come back into the community for putting into
free circulation that duty needs to be paid only in the valued added abroad. Without
the system of custom processing, Companies needed to pay duty on the goods as
produced in the community along with in the values abroad (Krauss et al., 2019).
2. The importance of the Procedure to the overall mission of Customs
As being discussed earlier, the process of Outward custom processing allows goods
for processing abroad. The outward processing procedure can be designed for
giving the business with the possibility of taking the advantages of benefit that
includes lower labor costs as well as specific technical expertise in other countries.
The components of the custom authorities needs to specific the period within which
the outward processing procedures needs to be discharged. Such authorization
possesses the potential to allow businesses for previously import non-agricultural
processed products that is obtained in a third country in return for the export of an
equivalent quantity of Union raw materials. In such cases it is highly crucial to
provide effective guarantee.
3. Initial view of the effectiveness of the Procedure practices in GAC
The procedure practice at General Administration of Customs (GAC) is highly
effective. Along with the above mentioned advantages, Outward custom processing
possesses the potential to enable faulty goods to be returned to the third country for
the propose of repairing along with reimport to the native nation with reduced nil duty
as well as liability.
4. Research Methodology