Survival of First Sale?

09 December 2011

The draft implementing provisions of theĀ 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.

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