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The Customs (Special Procedures and Outward Processing) (EU Exit) Regulations 2018

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Valuation of goods regarded as chargeable goods

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31.—(1) For the purposes of section 36(7) of the Act, the value of the goods regarded as chargeable goods is to be the greater of—

(a)zero; and

(b)an amount equal to—

A − B

where—

A is the value of the processed goods at the time of acceptance of the customs declaration of those goods for the free-circulation procedure; and

B is the statistical value of the goods at the time when they were released to an outward processing procedure.

(2) For the purposes of regulation 29(6)(a), the value of the replacement goods is to be the greater of—

(a)zero; and

(b)an amount equal to—

C − D

where—

C is the value of the replacement goods at the time of acceptance of the customs declaration of those goods for the free-circulation procedure; and

D is the statistical value of the domestic goods which the replacement goods replaced at the time when the domestic goods were released to an outward processing procedure.

(3) In this regulation “the statistical value” has the meaning given in Article 4 of Commission Regulation (EU) No 113/2010 of 9 February 2010 implementing Regulation (EC) No 471/2009 of the European Parliament and of the Council on Community statistics relating to external trade with non-member countries.

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