|On 13 January 2014 the European Commission issued a proposal that would, as part of the changes which will be rolled out through the implementation of the Union Customs Code (“UCC”), remove the facility for the use of ‘first sale’ for export in European Union (“EU”).
What is First Sale For Export?
If you would like to hear more about the European Commission’s proposed changes through the UCC, including the proposal as regards ‘first sale’, please join our Webinar on Thursday 27 February 2014 at 16.00 (GMT) on the topic of:
 The draft wording of the draft Implementing Act Article IA-II-3-02 states: “For the purposes of Article 70(1) of the Code, the value of the goods shall be determined at the time of acceptance of the customs declaration on the basis of the transaction occurring immediately before the goods are declared for free circulation.” There is no provision for the use of first sale for export.
 Article 147(1) of EC Regulation 2454/93 (the Implementing Provisions to the Customs Code).