Articles from 2011

Binding Tariff Information

Binding Tariff Information

14 December 2011

A Binding Tariff Information (BTI) ruling is a legally written request from an importer who wants to gain certainty on a classification matter.

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Survival of First Sale?

Survival of First Sale?

09 December 2011

The draft implementing provisions of the Modernised Customs Code (MCCIP) propose removing the option for businesses to use “First Sale” planning to reduce the amount of customs duty paid when imported goods are subject to a number of sales before import. The business community is lobbying hard against the removal of this valuable trade facilitation measure.

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EU Postpone Implementation of Modernised Customs Code

EU Postpone Implementation of Modernised Customs Code

09 December 2011

The European Parliament voted this week to postpone implementation of the customs code until 2016. The proposed code was due to come in to effect in July 2013 but will require a considerable investment by all Member States in compatible software to support the increased use of electronic reporting, harmonised application of the customs provisions and risk management. Current economic conditions and difficulties in ensuring compliance with the Lisbon Treaty have made the 2013 unrealistic.

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Classification Updates December 2011

Compensatory Interest Rates on IPR

Compensatory Interest Rates on IPR

08 December 2011

Compensatory interest is charged on Inward Processing Relief (IPR) Suspension goods to prevent businesses who divert goods to the EU market gaining a cash-flow advantage. In our experience, businesses are not seeking a cash-flow advantage but end up releasing some goods to the EU market because it is difficult to predict with accuracy the split of EU and non-EU sales.

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Payment of Duty Demands by Deferment Account

Payment of Duty Demands by Deferment Account

08 December 2011

Covering letters and reminder letters for post clearance customs demands (C18’s) will with immediate effect include the e-mail address of the appropriate HMRC contact to enable businesses to send e-mail requests for HMRC to debit the amounts owed from the appropriate deferment account.

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European Commission Demands UK Government Pay £20m Duty

European Commission Demands UK Government Pay £20m Duty

08 December 2011

The EU Commission wants the UK Government to pay amounts due from certain imports of fresh garlic from China. If no action is taken in two months then the case is likely to be referred to the European Court of Justice (ECJ).

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Mutual Recognition of AEO & US C-TPAT from June 2012

Mutual Recognition of AEO & US C-TPAT from June 2012

08 December 2011

The EU and the US agreed to mutually recognise each others’ “secure traders” programmes.

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Anti Dumping Duty Updates December 2011

Publication of 2012 Customs Tariff

Publication of 2012 Customs Tariff

08 November 2011

The EU Commission has now published the official 2012 Customs Tariff which applies from 1 January 2012.

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