Update to the UCC The European Union made the decision to establish a single window for customs (or its official designation: âEU Single Window Environment for Customsâ) in order to facilitate international trade, speed up the customs clearance process, and lower the likelihood of fraud. On 24 October 2022, the Council of the European Union enacted a new regulation that establishes the necessary framework for digital cooperation between customs and associated competent authorities (link to…
Retroactive TP-adjustments â whether upwards or downwards â Highest German Court rules that they do not have an impact on the customs value. On 17 May 2022 (published end of September 2022) the German Federal Fiscal Court (or: Bundesfinanzhof. âBFHâ) â which is the Highest court for tax related matters in Germany â gave its final judgement in the (in)famous Hamamatsu case. This proceeding is part of the referral to the European Court of Justice…
Baker McKenzie’s Sanctions & Export Controls Update Blog published “Additional duties on goods originating in Russia and Belarus as of 25 March,” which can be viewed here.
Recently the EC has published an update to its “Guidance on non-preferential rules of origin” (available here). The prior version dates back to December 2018. Except where preferred tariff measures are involved, the non-preferential rules of origin apply to products declared for release for free circulation in the EU for the purposes of implementing the Common Customs Tariff. They are also used to implement additional anti-dumping and origin-marking procedures (i.e. “made in⊔-marking) created by Union…
Baker McKenzie’s Global Compliance News Blog published “EU-UK: Inaugural Meeting of the EU-UK TCA Trade Specialised Committee on Customs Cooperation and Rules of Origin Scheduled for Thursday” which can be viewed here.
The Trade Specialised Committee on Customs Cooperation and Rules of Origin (the “Committee”) is scheduled to meet for the first time on Thursday 7 October. The joint EU/UK Committee was established by the EU-UK Trade and Cooperation Agreement (“TCA”) with the role of monitoring and reviewing the consistency in implementation of the TCA Rules of Origin across the EU and the UK as well as related enforcement, and to provide a joint forum for discussing…