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News in week 3: amendments to the Explanatory notes to the Combined Nomenclature - Chapter 87; EU-Chile Agreement on Trade enters into force on 1.2.2025; EU-Mexico Global Agreement modernisation; … amendments relating to anti-dumping and countervailing duties on imports of various products; new VAT rates in certain EU MS; CJEU on excise duty on irregularly imported tobacco products; NCTS-P5 Final Mode 21 January 2025; CJEU on records of discharging free zone procedure; exemption with regard to the use of F-gases in blast cabinets and some other goods; updated CBAM guidance documents; list of authorities authorised to issue BOI; conditions for the use of the CHED document in certain cases.

This article deals with legal changes in relation to the criterion of financial solvency that were introduced in 2018 but have not yet been noticed by many traders and taken into account by some … customs authorities. These changes allow for a more flexible approach to the assessment of economic operators' financial solvency when authorisations for a reduction or waiver of a comprehensive guarantee are requested or to be maintained.

News in week 3: amendments to the Explanatory notes to the Combined Nomenclature - Chapter 87; EU-Chile Agreement on Trade enters into force on 1.2.2025; EU-Mexico Global Agreement modernisation; … amendments relating to anti-dumping and countervailing duties on imports of various products; new VAT rates in certain EU MS; CJEU on excise duty on irregularly imported tobacco products; NCTS-P5 Final Mode 21 January 2025; CJEU on records of discharging free zone procedure; exemption with regard to the use of F-gases in blast cabinets and some other goods; updated CBAM guidance documents; list of authorities authorised to issue BOI; conditions for the use of the CHED document in certain cases.

This article deals with legal changes in relation to the criterion of financial solvency that were introduced in 2018 but have not yet been noticed by many traders and taken into account by some … customs authorities. These changes allow for a more flexible approach to the assessment of economic operators' financial solvency when authorisations for a reduction or waiver of a comprehensive guarantee are requested or to be maintained.

The American export control authority, the Bureau of Industry and Security, has published an updated version of “Don't let this happen to you!” - an introduction to the consequences of violating … US export control law. As a European company, you may wonder why this should concern you. This is due to the unique nature of US export control laws, which apply extraterritorially. In this overview, we provide a brief summary of some important aspects and practical examples of infringements.

Whenever the topic of the Trade and Cooperation Agreement (TCA) review comes up, the Pan-European Mediterranean (PEM) origin cumulation zone is one of the topics mentioned as potentially in scope. … Recently, several reports and organizations have included rejoining PEM as one of the recommendations for the new Government. Rejoining PEM is indeed one of the steps that could improve market access for products from all industries that could be done within the current format of the TCA. It could also be done without changing the essential character of the relationships, i.e. one based on a simple and fairly basic trade agreement.

The Pan-European-Mediterranean Zone was implemented in 2005. The idea was to create a cumulation zone between Europe and its neighbours and to encourage intra-regional integration by promoting … trade and cooperation. The PEM Convention allows for the cumulation of origin between different countries within the zone. Cumulation of origin is one of the ways to allow for greater flexibility when it comes to using raw and semi-manufactured materials in the production process. It allows a member of a trade agreement to use originating products from other members.

ESG stands for Environmental, Social and Governance, which are considered the three main pillars of ESG frameworks. These pillars cover key areas that companies must address and report on. The … purpose of ESG is to identify and consider non-financial risks and opportunities associated with a company's day-to-day operations.

CBAM goods are all goods for which the embedded emissions must be reported. In the EU, they are listed in Annex I to the CBAM Regulation.

Companies are legally required to keep records related to their import and export transactions. That includes commercial, customs and shipping documentation. The company needs to obtain some … of the documents from its freight forwarder, customs broker or other parties involved.