FREE ITS Newsletter

Stay current with ITS - be the first to find out about the latest industry developments with our FREE monthly eNewsletter



Anti Dumping Duty (ADD) on Stainless Steel Fasteners from China & Taiwan
Monday, 16 January 2012 10:54

The EU has introduced a Council Regulation (2/2012) on 4 January imposing ADD of 23.6% on imports of certain stainless steel fasteners.

The imports affected are those falling in to the following Combined Nomenclature (CN) Codes:

Read more...
 
Anti Dumping Duty Updates January 2012
Monday, 16 January 2012 10:51
 
Classification Updates January 2012
Monday, 16 January 2012 10:42
• Plastic drinks bottles designed for insertion into holders for bottles on bi-cycles- Commission Regulation 1302/2011 classifies these to 3923.30.10 (rather than 39.24)
• Pain relief gel- Commission Regulation 1303/2011 classifies this product to 3824.90.97. It is excluded from Chapter 30 (medical products free of duty) because it does not treat or cure specific illnesses or have prophylactic use
 
Binding Tariff Information
Wednesday, 14 December 2011 10:37

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

Each BTI will bear the commodity code for the product in question and the start date for the validity of the information. It will carry a unique reference number and will show the name and address of the BTI holder. It will show an explicit description of the goods to which it relates and will show the basis of the legal justification for the decision.

There is also provision for importers to request of the customs authorities "Binding Origin Information" (BOI) if they are unsure how to determine the origin of their goods.

BTI is an important tool as there are over 16,000 different commodity codes for goods to be classified under when imported from outside the European Union (EU). Many of these codes have very thin dividing lines. BTI are used solely for:

• Purposes of determining import/export duties;
• Calculating export refunds;
• Calculating amounts granted for imports/exports within the Common Agricultural Policy (CAP); and
• Using import, export or advance fixing certificates for the acceptance of the customs declaration.

Read more...
 
Survival of First Sale?
Friday, 09 December 2011 16:04

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.

The EU Parliament voted this week to postpone the implementation of the Modernised Customs Code from July 2013 to 2016. Within this vote was a clear warning for the EU Commission to drop any plans for abolishing First Sale and clauses to widen to situations when royalty payments attract customs duty. Although this does not kill any proposals dead, it is a real shift in the battle.

 
Page 1 of 19

Testimonials