Business Terms and Jargon Explained

What is Pre-Finance Goods

Tax Definition:-

An arrangement whereby an export refund is paid on Common Agricultural Policy (CAP) goods in advance of the actual export. Goods must be deposited in a customs warehouse or Free Zone specially approved for pre-financing.

Crown Copyright. Material taken from HM Revenue & Customs. Reproduced under the terms and conditions of the Click-Use Licence.

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Term created / updated 2006-11-28 15:17:41

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