Brazilian companies that need licenses to import or export goods have an easier time carrying out their operations. The measure, called the Flex License, simplifies the routine, and reduces costs for companies that need consent (authorization) to trade with other countries.
The EU Carbon Border Adjustment Mechanism (CBAM) nicknamed Carbon Tax, is a set of new regulatory obligations with a new tax on certain goods at import in the EU. In this article, we look at the intricacies of the EU Carbon Border Adjustment Mechanism (CBAM) before providing insights and tips to importers and exporters operatingContinue reading “EU Carbon Tax & Customs Obligations”
Brexit key EU-UK official documents are listed here for those who need easy access to the official sources. Brexit introduced customs requirements and compliance obligations to trade between the UK and the EU. These requirements are grounded in legislations listed hereafter. Quick Brexit Timeline Summaries of Legislation (EU) List of official EU-UK documents Document PublishedContinue reading “EU-UK Post-Brexit Official Documents”
Proof of Export for VAT is a challenging area for many exporters. HMRC new guidance is a welcome clarification for UK exporters in particular on the quality of the evidence required for zero rated export. Why is the Proof of Export for VAT important? Proofs of Export is part of the export customs compliance requirements.Continue reading “UK Proof of Export Obligations for VAT”
A tribunal decision confirmed the strict compliance obligation for the IPR customs procedure. IPR is an extremely useful procedure as long as it is supported by strong internal compliance. Otherwise, it is a risky strategy as this case shows.
Origin is the “economic” nationality of goods traded internationally. It is used by customs authorities, along with the commodity codes and the value of the goods, to determine how the goods should be treated when imported. There are two types of origin: preferential origin and non-preferential origin.