Amongst the new orders which transpose the provisions of the new Customs Code of the Union ( “CVU”) in the national legislation, we mention: – Technical norms for the authorization of special regimes; – Technical norms on the use of… Read moreCustoms guarantee treatment for special customs procedures or free zones
By signing the Agreement on Information Technology (“ATI”), the European Union granted tariff concessions for products used in the Information Technology industry. By the EU Decision no. 971/2016, ATI agreement has been extended to a wider range of products. In… Read moreElimination or reduction of the tariff duties on certain codes of the Combined Nomenclature
Two emergency ordinances amending Order no. 196/2005 regarding the Environmental Fund and Law no. 249/2015 on the management of packaging and packaging waste were published in the Official Gazette last Thursday. Packaging and packaging waste Companies who place packed goods… Read moreNew provisions regarding the management of packaging, electrical and electronic equipment, batteries and portable accumulators
The exporter from customs and VAT perspective The new Union Customs Code (“UCC”) has amended the definition of exporter. From a customs perspective, the definition of exporter has been restricted to persons established in the EU who have the power… Read moreNew rules redefine concept of exporter
Customs authorizations with limited validity that were obtained based on the current customs legislation and which are valid on 1st of May 2016 will still remain valid after this date. Therefore: customs authorizations with limited validity (e.g. Inward processing) will… Read moreUnion Customs Code – First set of transitional measures
Under the new provisions, the guarantor must be a bank registered in the European Union and European Economic Area, which is authorized to operate in Romania (i.e. through a branch). What does it mean for you? If you carry out… Read moreTransitional measures regarding the guarantee letters for covering excise duties payments – deadline March 31st 2016
The Union Customs Code (“UCC”) will enter into force on May 1, 2016. The Code was adopted by Regulation no. 952/2013 of the European Parliament and the EU Council, which reformed customs legislation. UCC only sets general guidelines; it will… Read moreDeloitte. Implementing Act of the Union Customs Code has been adopted
