Hi,
INTRASTAT Declaration
Definition
A monthly declaration that provides EU authorities with statistics on foreign trade within the EU (for example, trade between France and Germany).
There is one INTRASTAT declaration for receipts and one for dispatches.
Use
Since the establishment of the single European market on January 1, 1993, the economies of the member states of the European Union have become increasingly interdependent. To assess their international competitiveness and dependency of individual products and sectors on import and export, as well as monitor price developments in foreign trade, it is still necessary for EU member states to keep statistical records of trade within EU borders, even after the removal of internal tariffs.
The new system developed to keep these records within the EU is the INTRASTAT system.
As of January 1, 1993, companies with a turnover of more than 200,000 DM in the current year or in the previous year are required to make regular Intra-EU trade statistics declarations (INTRASTAT declarations). All deliveries made and received within the EU during the reporting period must be reported in the INTRASTAT declarations.
regards
sadhu kishore
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