PART IICUSTOMS-APPROVED TREATMENT OR USE
F1TITLE IIICUSTOMS PROCEDURES WITH ECONOMIC IMPACT
CHAPTER 4Processing under customs control
Article 551
1
The arrangements for processing under customs control shall apply for goods the processing of which leads to products which are subject to a lower amount of import duties than that applicable to the import goods.
The arrangements shall also apply for goods which have to undergo operations to ensure their compliance with technical requirements for their release for free circulation.
2
Article 542(1) and (2) shall apply mutatis mutandis.
3
For the purposes of determining the customs value of processed products declared for free circulation, the declarant may choose any of the methods referred to in Article 30(2) (a), (b) or (c) of the Code or the customs value of the import goods plus the processing costs.F2Processing costs means all costs incurred in making the processed products, including overheads and the value of any Community goods used.
Substituted by Commission Regulation (EC) No 993/2001 of 4 May 2001 amending Regulation (EEC) No 2454/93 laying down provisions for the implementation of Council Regulation (EEC) No 2913/92 establishing the Community Customs Code (Text with EEA relevance).