[F1Article 535 U.K.
1. Where operations of inward processing or processing under customs control are carried out on the premises of customs warehouses or in storage facilities, the provisions of Article 534 shall apply, mutatis mutandis , to the goods under these arrangements.
Where, however, these operations concern inward processing without equivalence or processing under customs control, the provisions of Article 534 on common storage shall not apply with regard to Community goods.
2. Entries in the records shall allow the customs authorities to monitor the precise situation of all goods or products under the arrangements at any time.]