Home Page Service Sectors Other Services Wholesale and Retail Trade Dispatching of harmonized excise goods under duty suspension arrangements upon their release for free circulation

Dispatching of harmonized excise goods under duty suspension arrangements upon their release for free circulation


Description

In order to frequently dispatch excise goods under a duty suspension arrangement upon their release for free circulation in the Republic of Cyprus, one needs to obtain a licence for a registered consignor by the Department of Customs and Excise, of the Ministry of Finance.

Hide details for Eligibility CriteriaEligibility Criteria

The Department of Customs and Excise grants a licence for registered consignors to natural persons or legal entities, only in cases where the Department is satisfied that they meet the following criteria:

  • Registration to the Registrar of Companies and Official Receiver (in case of legal entities);
  • Registration to the VAT Registrar;
  • Registration to Customs Registrar.


Hide details for Application procedureApplication procedure

The Application for a Registered Consignor can be submitted either electronically through the PSC Cyprus or by contacting directly the local Department of Customs and Excise Office. Please note that the submission of the aforementioned online application form necessitates the use of an electronic signature, which has to be under the sole control of the applicant.

The application should be accompanied by the following original or notarized copies of documents, with the exception of the documents in points (e) and (f) below, where copies can be accepted instead :

  1. identity card in case of natural persons;
  2. Certificate of Incorporation issued by the Registrar of Companies and Official Receiver (in case of legal person);
  3. Certificate of Registered Office Address issued by the Registrar of Companies and Official Receiver (in case of legal person);
  4. Certificate related to the responsible personnel of the company, their status and responsibilities in the company issued by the Registrar of Companies and Official Receiver;
  5. Certificate of VAT Registration;
  6. Certificate of Customs Registration;
  7. data regarding the accounting system of the company, the internal control measures, and the accounting control methods;
  8. other relevant licences that the applicant holds
  9. any other relevant certificate, document or data that may be deemed necessary by the Director of the Customs and Excise with respect to the application.

The applicant is informed regarding the decision to grant the permit or not, within three months from the date that the application form and supporting documents were duly submitted. The authorisation shall not be deemed to have been granted if the Department of Customs and Excise has not replied within the period specified. Upon approval, the applicant needs to deposit a guarantee, in accordance with the excise duty and VAT attributable to each delivery of products.


The licence given to a registered consignor is valid for an unlimited time period and does not need to be renewed.


Hide details for Obligations and SupervisionObligations and Supervision

Registered Consignors are obliged to comply with the provisions of the Excise Duties Law 91(I)/2004, Regulations, Orders, as periodically amended, as well as terms and conditions of the licence obtained.

Indicatively, registered consignors need to conform, among others, with the following:

  • release the harmonized products in free circulation accordingly to the article 201 under the rule (EEC) No. 952/2013;
  • prior to the dispatch of the harmonised goods, provide guarantee to cover the risks inherent in the movement under suspension of excise duty, the type and the degree of which will be defined by the Director, taking into consideration the risks involved within the activities of the registered consignor;
  • keep records regarding the products dispatched in printed or electronic form along with which all the accompanying administrative documents or electronic administrative documents and any other relevant details as instructed by the Director of the Department of Customs and Excise;
  • accept and facilitate the inspection by the Department of Customs and Excise Office and safeguard public earnings and comply to its recommendations.

Authorised officers, in order to verify or secure compliance with the customs legislation or the other legislation, may demand any related information and check all the goods related to the importation and the movement under suspension as well as any records, books, documents or data, even in electronic form, of any natural or legal person.


Hide details for Other AssociationsOther Associations

Cyprus General Bonded and Warehouse Logistics Association
P.O.Box 71067, 3840 Limassol
Telephone: +357 25344448,
Fax: +357 25344447,
Email: custombrokersassociation@cytanet.com.cy




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Related Links

Department of Customs and Excise
Business Setup Procedures
VAT Registration
The Excise Duty Regulating Law of 2004-2010
Declaration 315/2010
Council Directive 2008/118/EC
Application for issuance of Certificates of Companies by the Registrar of Companies
Systematically receiving excise goods under duty suspension arrangements from other Member States
Online Application for Registered Consignor

Related Documents

Download the Acrobat fileApplication for Registered Consignor.pdf



Last Update on: 16/03/2020 02:51:57 PM


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