| The European Commission released new guidance on the use of the valuation simplification scheme under Art. 73 UCC and Art. 71 UCC-DA.
The document offers guidance on several key aspects:
‣ The conditions for applying the simplification scheme.
‣ Customs representation within the simplification scheme framework.
‣ Administration of the simplification scheme by customs authorities.
‣ Consultation procedures between customs authorities during the decision-making phase.
License fees and quality control costs are cited as fitting examples for utilizing the scheme.
However, the guidance does not address transfer pricing and the scheme’s usage, despite its application in some Member States.
Source Khalid Abdullah
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