Elimination or reduction of the tariff duties on certain codes of the Combined Nomenclature

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

New provisions regarding the management of packaging, electrical and electronic equipment, batteries and portable accumulators

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

Order no. 1105 of 29 March 2016 for amending the 394 statement on transactions carried out on the national territory

ANAF Order no.1105/ 2016 for the amendment of Order no. 3769/ 2015 on the reporting of transactions carried out on national territory by persons registered for VAT purposes as well as the content of informative 394 statement was published in… Read moreOrder no. 1105 of 29 March 2016 for amending the 394 statement on transactions carried out on the national territory

Transitional norms of the Union Customs Code regarding electronic systems were published

The Union Customs Code (“UCC”), which will enter into force starting May 1st, 2016, provides exclusive electronic processing of information. The transitional norms were published given the non-availability of electronic systems necessary for the exchange of information between customs authorities… Read moreTransitional norms of the Union Customs Code regarding electronic systems were published

Authorization procedure for temporary storage spaces and those used in free zones

A procedure has recently been published for authorizing warehouses and perimeters for the temporary storage of non-Community goods in the customs territory of Romania, between the time they are presented to customs and when they are assigned a customs destination. The procedure for… Read moreAuthorization procedure for temporary storage spaces and those used in free zones

Clarifications regarding movement of goods under suspension of excise duties and treatment of shortages

The Court clarified the scope of article 10 (4) of Directive 2008/118, which deals with situations where excisable products moving under a suspension regime have not arrived at their destination and no irregularity has been detected during the movement. Contrary… Read moreClarifications regarding movement of goods under suspension of excise duties and treatment of shortages

Restrictive measures regarding possession and release for consumption of ethylic alcohol and intermediate products in bulk

According to the Methodological Norms of the Tax Code, the sale of ethylic alcohol and alcoholic beverages, subject to marking, in containers exceeding 3 litres capacity is considered as bulk sale. Release for consumption in bulk and bulk possession of… Read moreRestrictive measures regarding possession and release for consumption of ethylic alcohol and intermediate products in bulk