Sustainability

Customs valuation of raw materials and waste as subject of the circular economy

Commentary No. 15 of the EU Customs Valuation Compendium

Milda Stravinskė Customs expert, Editorial Board Member at monthly Lithuanian journal 'Customs Law for Practitioners'

Customs Compliance & Risk Management (CCRM) Journal, Issue 18, December 2022 / January 2023

January 18, 2023

en lt

Customs valuation of raw materials and waste as subject of the circular economy

Photo by Pawel Czerwinski on Unsplash

Topic: valuation sustainability
Tag: circular economy waste

In the EU Customs Valuation Compendium, we can find a Commentary on the customs valuation of waste. The need for regulation of this topic is growing together with an aim to meet the objectives of the circular economy. The Commentary is one of the newest interpretative instruments that has been published, so let's take a look at the clarifications it provides, including a practical case study.

Market: Global
Copyright of the journal: CC Learning, UAB

OR

Continue reading this article

Login

or

Sign up

Open for free

Comments ()

Similar content

Topic spotlight

X marks the spot

20-10-2024

This article talks about the meaning of “ex” before commodity codes listed under Annex I of the EU Deforestation Regulation. With confusion around the interpretation of these codes, it’s one … of the points that would need to be clarified before the Regulation can be implemented.

Bert Van Leeuwen

€

law, sustainability

Topic spotlight

X marks the spot

20-10-2024

This article talks about the meaning of “ex” before commodity codes listed under Annex I of the EU Deforestation Regulation. With confusion around the interpretation of these codes, it’s one of the points that would need to be clarified before the Regulation can be implemented.

Bert Van Leeuwen

€

law, sustainability

Country update

Supervision costs to make a foodstuff "Kosher" are dutiable in Israel

13-10-2024

Customs valuation disputes are very common worldwide. In Israel, valuation disputes concerning foodstuff supervision costs were resolved few years ago, in favour of the State. It was ruled that … these supervision costs are inseparable from the goods value, and therefore dutiable.

Omer Wagner

€

valuation

Country update

Supervision costs to make a foodstuff "Kosher" are dutiable in Israel

13-10-2024

Customs valuation disputes are very common worldwide. In Israel, valuation disputes concerning foodstuff supervision costs were resolved few years ago, in favour of the State. It was ruled that these supervision costs are inseparable from the goods value, and therefore dutiable.

Omer Wagner

€

valuation

Topic spotlight

Ecodesign for Product Sustainability Regulation: what should economic operators expect?

22-09-2024

In June 2024, the EU took another step towards building a climate-neutral and circular economy and a greener environment. This is the adoption of the new Regulation (EU) 2024/1781 of the European … Parliament and of the Council of 13 June 2024 - Ecodesign for Product Sustainability Regulation. The purpose of these innovations is declared to be quite noble - to increase product durability, reliability, maintainability, modernisation, reusability and recyclability, as well as to reduce waste generation and generally negative environmental impacts. Time will tell whether these goals will be achieved, as the first phase of implementation of these innovations is scheduled for July 2026. This article will help you understand what manufacturers, importers and other stakeholders can expect in the near future and the role customs will play in monitoring compliance with the new requirements.

Anthony Buckley

€

sustainability

Topic spotlight

Ecodesign for Product Sustainability Regulation: what should economic operators expect?

22-09-2024

In June 2024, the EU took another step towards building a climate-neutral and circular economy and a greener environment. This is the adoption of the new Regulation (EU) 2024/1781 of the European Parliament and of the Council of 13 June 2024 - Ecodesign for Product Sustainability Regulation. The purpose of these innovations is declared to be quite noble - to increase product durability, reliability, maintainability, modernisation, reusability and recyclability, as well as to reduce waste generation and generally negative environmental impacts. Time will tell whether these goals will be achieved, as the first phase of implementation of these innovations is scheduled for July 2026. This article will help you understand what manufacturers, importers and other stakeholders can expect in the near future and the role customs will play in monitoring compliance with the new requirements.

Anthony Buckley

€

sustainability

Topic spotlight

Buying commission: should it or should it not be included in the customs value?

25-08-2024

This year, the European Commission published an updated Compendium of customs valuation (Compendium 2024) with several important updates that promise to have a significant impact on the customs … valuation process. While its aim is to harmonise the application of legislation and minimise disputes between businesses and customs, it is likely that some of these updates will actually increase the already high number of disputes in this area. This article examines the new Comment No 19 on the buying commission and its implications for enforcement.

Dr Ilona Mishchenko

€

valuation

Topic spotlight

Buying commission: should it or should it not be included in the customs value?

25-08-2024

This year, the European Commission published an updated Compendium of customs valuation (Compendium 2024) with several important updates that promise to have a significant impact on the customs valuation process. While its aim is to harmonise the application of legislation and minimise disputes between businesses and customs, it is likely that some of these updates will actually increase the already high number of disputes in this area. This article examines the new Comment No 19 on the buying commission and its implications for enforcement.

Dr Ilona Mishchenko

€

valuation

Explainer

Customs as the gateway to sustainability

11-08-2024

The customs industry, together with all the stakeholders such as policymakers, customs authorities, customs brokers, logistics, and trading companies, is becoming increasingly intertwined with … sustainability policies aiming to mitigate the impact of climate change. These policies include the carbon border adjustment mechanism (CBAM), deforestation, new corporate sustainability regulations, etc., but also e-customs and aspects of the proposed EU customs reform.

Dr Erika Besusparienė

€

sustainability

Explainer

Customs as the gateway to sustainability

11-08-2024

The customs industry, together with all the stakeholders such as policymakers, customs authorities, customs brokers, logistics, and trading companies, is becoming increasingly intertwined with sustainability policies aiming to mitigate the impact of climate change. These policies include the carbon border adjustment mechanism (CBAM), deforestation, new corporate sustainability regulations, etc., but also e-customs and aspects of the proposed EU customs reform.

Dr Erika Besusparienė

€

sustainability

Contact us

Contact us

Thank you for report

Maximum file size 6mb

File is too large

Confirm selected Confirm all