- EU Commission issued Delegated Regulation (EU) 2024/1072 to amend Delegated Regulation (EU) 2015/2446 regarding decisions on binding customs value information
- Businesses can request a decision on binding customs value information to ensure certainty on the value of imported goods
- The aim is to improve transparency, legal certainty, compliance, and uniformity in customs valuation for the benefit of businesses, customs authorities, and the EU’s financial interests
- The regulation came into effect on the twentieth day after publication in the Official Journal of the European Union and applies from December 1, 2027
- EU Commission issued Implementing Regulation (EU) 2024/1071 to ensure smooth implementation of decisions on binding customs value information
- Procedures for decisions on binding customs value information have been established in this regulation, along with an electronic system for storing such decisions
- The new electronic system aims to streamline the exchange and storage of information related to decisions on binding customs value information
- The regulation came into effect on May 2, 2024 and applies from December 1, 2027.
Source: awb-international.de
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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