WHAT INCOTERMS YIELD?
Each acronym codified in Incoterms clearly defines who should bear the costs and responsibilities for each part of transportation and customs…
WHEN DO WE TALK ABOUT THE GREEN CHANNEL?
The Green Channel system is the EU’s automatic customs mechanism for carrying out checks on customs declarations. It works on the basis of risk analysis and selects shipments to be checked based on predetermined parameters. It can give three results: “No...WHAT IS CARNET ATA?
ATA CARNET AND TEMPORARY IMPORTATION When the goods are to be destined for temporary use abroad with a view to a future reintroduction into the national territory, a temporary export (DDAT) may be carried out. The main goods for which this scheme is applied are:...WHAT IS T1?
T1 (NCTS) is a computer document issued by one customs (Departure Office) and destined for another customs (Destination Office). T1 is assigned a number called MRN (Movement Reference Number), which is unique throughout the European Union and recognizable throughout...WHAT ARE EXCISE TAXES?
Excise taxes are taxes on the manufacture of certain consumer products levied by each member state on its territory independently and according to a variety of criteria. The most common are those applied to alcohol and all products made from it (wine, beer, super...WHAT IS A DUTY-FREE IMPORT?
Duty-free importation occurs when goods are imported without payment of customs fees. The “relief” of customs charges may result from special rules such as those governing the import of goods destined for: – diplomatic posts; – state offices;...WHAT DOES COV MEAN?
Incentive tax on volatile organic compounds (VOCs). Volatile organic compounds (VOCs) are used as solvents in many industries and are contained in various products, such as in paints, varnishes and some detergents. Emitted into the air, these substances contribute,...WHAT DOES TARES MEAN?
All merchantable goods as well as private goods not carried in personal luggage or private motor vehicle must be declared according to the customs tariff upon import and export. Like most customs tariffs in the world, Switzerland’s is based on the...WHAT IS THE DUTY?
he Duty is a tax levied by customs on the import of goods from countries outside the EEC, and payment of the same allows these products to move freely within the territory of the European Union. This operation is called “Release for free circulation” (same...WHAT IS A CUSTOMS FREE POINT?
Goods whose end use is uncertain, goods subject to high duties as well as quota goods may be stored temporarily without being cleared through customs or taxed. A free point can be used for this purpose.The customs free point is operated by private entities, has a...WHO HAS TO WORRY ABOUT MAKING INSURANCE AGAINST ALL RISKS?
WHO HAS TO WORRY ABOUT MAKING INSURANCE AGAINST ALL RISKS? The forwarder provides transport insurance only at the express written request of the principal. Its function is limited to procuring the appropriate transport insurance. If the assignment generally requires...WHAT IS THE CITES?
CITES stands for the Convention on International Trade in Endangered Species of Wild Fauna and Flora signed in Washington in 1975-hence the more common way of identifying it as the Washington Convention-and regulates the trade and transport of these particular...How to open a customs account
HOW TO OPEN A CUSTOMS ACCOUNT The centralised billing procedure of the Customs Administration (PCD), i.e. opening a customs account, is an operating mode intended for all importers and freight forwarders who regularly pay taxes on tradable goods. It offers significant...WHAT IS VAT?
VAT means Value Added Tax. This is a tax that applies to goods, commodities, products of nature and raw materials released for consumption in a given member state of the European Union. VAT is levied in the member state where the goods are to be released for...ELECTRONIC ASSESSMENT DECISION (EMI)
ELECTRONIC ASSESSMENT DECISION (EMI) THE ELECTRONIC FORMAT THE TRANSITION TO THE ELECTRONIC FORMAT OF THE ELECTRONIC ASSESSMENT DECISION (EMI) WE TRY TO CLARIFY THIS DELICATE PASSAGE WITH A SERIES OF QUESTIONS AND ANSWERS Source: www.evvdatacenter.ch What is the...WHAT DOES INTRASTAT MEAN?
The Intrastat control system was designed because the VAT rates applied in the various Member States are different and it is not possible to apply the same VAT mechanism to goods in free circulation traded between Member States of the European Union. For example, for...WHAT DOES ADR MEAN?
European Agreement on the International Carriage of Dangerous Goods by Road ADR is the European agreement concerning the international carriage of dangerous goods by road. With the ADR Directives, a Europe-wide regulation governing the transportation of dangerous...IS THE WARRANT NECESSARY FOR THE ISSUANCE OF EUR1?
With regard to the issuance of the Certificate of Circulation of Goods “EUR 1″, if conditions permit, it is necessary for the customs operator to have a special mandate from the exporting company to issue and sign in his own name but on behalf of the obligated...WHAT IS A TRANSIT?
Transit is a customs operation secured by the prior filing of a special surety bond covering customs duties. When a shipment under customs control needs to be moved from one point to another in the European Union, it is escorted by a T1 (External Community Transit) or...WHAT IS THE COMMUNITY CUSTOMS CODE?
The Community Customs Code (CCC) regulates all aspects of customs operations taking place in the European Union and lists the general principles on which Community customs law is based. Instead, operational details are described in the Enforcement Provisions of the...WHAT DOES EORI MEAN?
EORI – Economic Operators Registration and Identification This is the European Unified Customs Numbering System for the registration and identification of economic operators. The identification number consists of the state abbreviation and data in alphanumeric...WHAT ARE THE CONDITIONS FOR THE ISSUANCE OF EUR1?
In the first instance, it is emphasized that the customs regulations admit validity to the declaration of origin affixed to the invoice (if the goods are produced in the European Community with PREFERENTIALITY character) up to a value of the goods of Euro 6000.00 (CHF...INVOICE DECLARATION
The majority of agreements stipulate that the EUR 1 certificate can be replaced with an invoice declaration in the following cases: for shipments of less than EUR 6,000, or without value limits for exporters specially authorized by the Regional Directorate of the...WHAT DOES AEO MEAN?
AEO (Authorized Economic Operator) status is granted following a special assessment by the Customs Agency, which provides evidence of compliance with customs requirements, accounting system criteria and financial solvency. The economic operator is not obliged to...VOC incentive fees
When crossing the frontier, certain goods may be subject to one or more of the following taxes:
Tax on volatile organic compounds, C.O.V. (V.O.C., volatile organic compounds);
CO2 tax on fuels
for which the relevant requirements must be observed. In this article we will focus on VOCs.