Customs and excise status
The goods handled at VTTI’s terminals may come from various parts of the world and are intended for international markets. Depending on their provenance, the preferenceinstructions offrom VTTI's customer and the intended use, the customs and excise status of the goods stored at the terminals can be as follows:
- Bonded (i.e., Non-union goods)
- Equivalent (i.e., Union goods used as non-Union goods under a customs procedure)
- Excise-suspended (i.e., Union goods, subject to excise controls)
- Excise-paid (i.e., Union goods, release for consumption)
- Domestic (i.e., Union goods, not subject to excise controls)
The customs and excise status is always visible in real time in VTTI’s ERP system.