Michal Zajda, Author at Import and Trade Remedies Blog

Michal Zajda

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EU: European Commission adopts Regulation to ensure the smooth implementation of the Binding Valuation Information decisions

April 24, 2024 By Jennifer F. Revis, Yassine El Bojaddaini, Esmee Kooke and Michal Zajda 2 Mins Read

On 12 April 2024, the European Commission adopted the Implementing Regulation no. 2024/1071 (“Regulation”) relating to binding valuation information (“BVI”) decisions in the field of customs valuation and introducing an electronic system for binding origin information (“BOI”) and BVI decisions. The Regulation can be found here. The possibility to apply for BVI decisions from relevant EU customs authorities was introduced into EU Customs Law by Commission Delegated Regulation (EU) 2024/1072. See our earlier blog about…

European Union: New European Commission Guidance on Customs Valuation Simplification under Article 73 UCC

April 9, 2024 By Jennifer F. Revis, Michal Zajda and Yassine El Bojaddaini 2 Mins Read

Article 73 of the Union Customs Code (“UCC”) provides an easement for determining the customs value of goods, where elements of the transaction value are not quantifiable at the moment of importation. The simplification has been proven particularly useful for declaring additions to value such as assists (e.g. certain R&D related costs), royalties and license fees. Subject to an authorization from the competent customs authorities, the simplification allows for the value of these elements to…