Read

Tariff determinations concerning import of goods to the Faroe Islands

In connection with the trade agreement between the Faroe Islands and the European Economic Community (EEC), some changes have been made on the first of January 1997 in the duty procedures. Please note, the EEA's agreement does not include the Faroe Islands.

Invoices

Every invoice shall clearly state kind of product, quantity and price.

On every invoice shall be stated total number of pages of invoice and number of completed invoices belonging to the consignment.

On every invoice shall be stated package of goods, number of packages, mark, net and gross weight, originating country, and sales conditions (cif, fob, etc.).

The consignor confirms by endorsement that the invoice is correct.

On the invoice it must be clearly stated which of the articles are articles of origin.

Credit notes

Every credit note shall meet all requirements on invoices as stated above. Furthermore credit notes shall refer to number on invoice, and state the reason for giving credit.

The consignor shall certify by stamp and signature that the credit note is correct. 

Movement certificates

To obtain duty EEC-preference treatment a movement certificate must be made out.

Movement certificate EUR.1
The movement certificate EUR.1 is an independent formula. This formula has to be certified by the customs authorities in the exporting country.

Invoice declaration
The agreement makes it possible to use invoice declaration as certificate of origin. The invoice declaration can be done in two ways. It can be used by all exporters and it can be used by approved exporters.

An approved exporter can make out an invoice declaration irrespective of the value of the originating products, while a non-approved exporter can only use the invoice declaration if the consignment includes products of origin of which the total value does not exceed EUR 6,000 (at present DDK 44.460).

An approved exporter has to have the approval from the customs authorities in the exporting country. In this connection an authorization with a belonging number will be made out. This number will be inserted in the text of the declaration of invoice as stated below. A non-approved exporter, who uses the declaration of invoice, may leave out the part of the text which is in brackets in the declaration or leave it open.

The wording in the EEC's invoice declaration
The exporter of the products covered by this document, (customs authorization No ...... (1)) declares that, except where otherwise clearly indicated, these products are of ... preferential origin (2).

PS: Due to statistical considerations it is very important that the originating country (not only the EEC) of all articles is stated. When articles on one invoice originate in various countries this must also be clearly indicated.