On June 20, 2019, the Court of Justice of the European Union rendered its judgment in the Oribalt Rīga (C-1/18) case on the factors relevant to calculating the customs value in accordance with the deductive method of Article 30(2)(b) of the Community Customs Code (CCC), in the special context of the customs valuation of imported medicines. The application of the deductive method is not an easy task. However, the CJEU ruling clarified the notion of ‘similar goods’ and the impact of discounts on the price when applying the deductive method of customs valuation.
Source KPMG
Latest Posts in "European Union"
- Comments on ECJ C-472/24: In-game gold: AG Kokott’s advice on VAT exemption, vouchers & margin scheme
- AG Kokott’s Opinion: VAT Exemption, Vouchers, and Margin Scheme for In-Game Gold Trading
- EU Reaches Agreement on 2028 Customs Reform
- VAT on Transfer Pricing Adjustments: Importance of Detailed Documentation in Court Rulings
- VAT and Transfer Pricing: ECJ’s Arcomet Decision Clarifies Intra-Group Service Remuneration and VAT.
