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 is a customs system that allows rapid customs clearance of goods through simplified procedures.
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 levied on products such as alcohol, petroleum and tobacco. They apply to EU and imported products and are regulated by EU law. Excise goods must be stored in excise tax warehouses.
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 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...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...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...SOME SPECIFICS ON VAT CEILING AND DECLARATION OF INTENT
Each perfected export (see ECS) creates a VAT credit from the exporter to the state. On balance, this would result in a physical disbursement of money by the state administration to the VAT creditor. To avoid this, the Italian state established the VAT Plafond...WHAT IS THE WASHINGTON DECLARATION?
When the species or product being shipped is not part of the lists prepared by the Convention, a self-certification declaration, commonly referred to as the Washington Declaration, can be provided.WHAT IS MEANT BY CUSTOMS SPACE?
Customs spaces are the areas designated for customs operations and are, by definition, the areas owned by customs (offices, warehouses, and spaces for parking vehicles). Goods that are brought into customs spaces come under the direct control of customs and therefore...WHAT IS FRANCHISE REINTRODUCTION?
In the event that previously exported goods are to be re-imported into the same territory as they are, having lost the status of goods in free circulation in the EU after export, they would be subject to the payment of customs charges. One of the ways to avoid...WHAT IS SMUGGLING?
It is smuggled when the goods are removed from customs control, not declaring them to the same, hiding them or falsifying transport and / or commercial documents. Smuggling can be simple or aggravated (the latter is a criminal offence) and normally involves the...PAN-EURO-MEDITERRANEAN CUMULUS
Pan-Euro-Mediterranean cumulation represents a free trade system between European and Mediterranean countries. Individual free trade agreements between the states and territories involved are linked in such a way that industrial products originating in a partner state...WHAT ARE THE STATEMENTS THAT THE ITALIAN SUPPLIER IS REQUIRED TO MAKE?
Another crucial aspect concerns the declarations that the exporter is required to make regarding the goods subject to customs clearance. In the first instance, it would always be a good idea to check with your Customs Broker for the correctness of the Customs Item...WHAT IS THE SEIZURE OF GOODS?
The seizure or confiscation of goods is a measure of the judicial authority by which the goods covered by the same are removed from the availability of the owner in order to allow further investigations and prevent them from being used in an unlawful manner. If the...IS THE DISCHARGE OF THE ITALIAN BUBBLE BINDING?
In this brief paragraph we just want to draw attention to current Customs practice regarding the affixing of the “Telematic Exit Visa”: currently Customs, when export goods cross the borders of a state belonging to the EEC, affixes a computerized exit visa...WHAT IS A “GOODS VISIT”?
The goods inspection is a physical inspection through which customs officials verify the correspondence of the goods contained in a shipment with the accompanying documents and with the customs declaration presented at customs. The standard customs inspection is...WHAT IS THE EUR 1 CERTIFICATE?
The EUR 1 is a certificate that is issued at export to certify that the goods described on the form are of EU origin and production (referred to as “preferential origin”) and is issued by Customs upon written application completed by the exporter. The...WHAT ARE THE NECESSARY ITEMS TO BE INCLUDED IN THE INVOICE?
Listed below are the necessary items to be included in the export invoice: COLUMNS and WEIGHT of the goods; RETURN of goods; TARGA of the means of transport being used to carry out customs clearance; GROSS WEIGHT/NET WEIGHT; GOODS’ STATEMENT OF ORIGIN (i.e.,...WHAT ARE COUNTERFEIT GOODS?
A product is defined as counterfeit when it has been obtained by imitating other products that are patented and / or affixing writings and images owned by other subjects, without having obtained permission. Customs is one of the bodies responsible for controlling and...- Ecological Sustainability 2024
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