Periodic update of the European goods nomenclature

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 […]

On May 30th, 2024 the Directorate-General Taxation and Customs Union of the EU Commission has released the updated guidance document on CBAM implementation for importers of goods into the EU. The document contains the latest views on this important topic and a number of corrections vs. the earlier version. A good occasion to go through […]

On 1 May 2024, the Free Trade Agreement (FTA) between the European Union and New Zealand, signed in Brussels on 9 July 2023, has entered into force. This FTA will lead to increased trade between the EU and New Zealand, and will offer, amongst others, lower trade barriers and customs duty rates. In order to […]

On 27 November 2023, the EU Commission has extended the current EU’s Generalised Scheme of Preferences (the so-called ‘GSP’ scheme) regulation until the end of 2027. This GSP scheme of customs duty preferences removes EU import duties for products released for free circulation in the EU, originating in vulnerable developing countries, and has been a […]