Classification Updates January 2012

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

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