The UK government has introduced a bill to help bring into force the UK-Australia and the UK-New Zealand Free Trade Agreements (“FTAs”). The bill is a key step in ratifying the FTAs but before they come into force, Parliament must scrutinise the FTAs, agree the bill and pass secondary legislation to make the changes required to the UK’s procurement regime to meet the terms of the FTAs. The FTAs will remove tariffs on all goods…
Operators may request a binding information decision from the relevant customs authorities in the EU, in order to obtain certainty about the application of customs legislation in respect of the tariff classification or the origin of imported goods across the EU. Currently, EU customs legislation does not facilitate the issuing of a binding information decision in respect the value of imported goods. This can present real challenges for importers where customs authorities across the EU…
During the latest session of the Technical Committee on Customs Valuation (“TCCV”), the TCCV adopted Advisory Opinion 4.19, a new instrument on royalties and licence fees under Article 8.1(c) of the Customs Valuation Agreement (“CVA”). The new Opinion advises on how a single royalty paid for the right to use or incorporate a patented imported input in the production of a finished product in the country of importation and how the use of a trademark…
The scope of the two Open General Export Licences (OGEL) for security items has been further refined and amendments to the OGELs were on Wednesday (26 May 2021) published by the Department for International Trade in a Notice to Exporters. The updated OGELs permit the export of low risk information security items that rely on encryption technologies listed in Schedule 1 to each OGEL. The new Information Security OGELs cover a significantly wider range of items than the…