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

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