In case your company is importing commodities into the EU and is storing these in a customs warehouse (pending the final destination of the goods, being EU or not-EU), a pending ECJ-case regarding customs valuation, recently introduced, can become very relevant.<\/p>\n
In this pending case (C-500\/24), the question arises whether goods can be deemed to be \u2018sold for export to the EU\u2019 in case goods are declared upon arrival in the EU for any customs regime (such as customs warehousing), other than release for free circulation.<\/p>\n
The impact could be substantial, as this could mean that, in case the ECJ would accept the viewpoint of the Spanish Customs authority in this case, \u00a0if imported goods are stored in a customs warehouse first, only the onwards sale price could be used for customs valuation purposes, which can have an impact on the final customs duty burden and an impact on the advantages of a customs warehouse regime.<\/p>\n
In case of any questions regarding this pending ECJ-case, or if you would prefer to discuss its potential impact on your supply chain, please let us know.<\/p>\n
We keep you posted.<\/p>\n
Source \/ read more<\/em> : showPdf.jsf (<\/a>europa.eu<\/a>)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" In case your company is importing commodities into the EU and is storing these in a customs warehouse (pending the final destination of the goods, being EU or not-EU), a pending ECJ-case regarding customs valuation, recently introduced, can become very relevant. In this pending case (C-500\/24), the question arises whether goods can be deemed to […]<\/p>\n","protected":false},"author":4,"featured_media":9261,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[6],"tags":[],"yoast_head":"\n