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April 17, 2024 European Commission issues binding valuation information rules and conditions for decisions on binding tariff and binding origin information On 15 April 2024, the European Commission published new conditions for how the European Union (EU) Member States' customs authorities must make decisions relating to binding tariff information (BTI) and binding origin information (BOI). New rules were also included related to decisions on binding valuation information (BVI). The new conditions and rules are included in the Commission Delegated Regulation 2024/1072 (the Regulation) and Commission Implementing Regulation 2024/1071, which will enter into force on 5 May 2024 and apply from 1 December 2027. The Regulations aim to ensure consistency for different types of binding information and, as far as possible, to align the provisions on BVI decisions with the provisions on BTI and BOI decisions under the Union Customs Code (2013/952), the Union Customs Code Delegated Act (2015/2446) and Union Customs Code Implementing Act (2015/2447). It requires that measures relating to BVI decisions should be introduced into customs legislation to increase transparency, legal certainty, compliance and uniformity in customs valuation to the benefit of economic operators, customs authorities and the financial interests of the EU. The Regulations include the following specific changes:
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