The European Commission has published new conditions and rules for customs authorities of EU Member States regarding binding tariff information (BTI), binding origin information (BOI), and binding valuation information (BVI). The regulations aim to ensure consistency and alignment with the Union Customs Code, with the goal of increasing transparency, legal certainty, compliance, and uniformity in customs valuation. Specific changes include amendments to the Union Customs Code Delegated Act, introduction of a new article for customs valuation decisions, and the deletion of certain articles. These regulations will enter into force on 5 May 2024 and apply from 1 December 2027.
Source EY
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