Customs

News & Analysis as of

WCO TCCV approves case study on TNMM transfer pricing documentation and customs valuation

During the week of 18-22 April 2016 the World Custom's Organizations Technical Committee on Customs Valuation (TCCV) held its 42nd Session in Brussels. At this session a new instrument was approved by the TCCV that contains a...more

EU Customs Developments - March 2016

EU Customs Policy - Union Customs Code (UCC) Developments - On 15 March 2016, the European Commission published the so-called Union Customs Code (UCC) Transitional Delegated Act, which lays down the transitional...more

China Customs authorities enhance monitoring of intercompany prices and royalty payments

China’s General Administration of Customs (GAC) has released an amendment to the Import and Export Declaration Documents Standards. Among many changes, the Amendment now requires Chinese entities with importing and exporting...more

Trade in the balance: Europe's new Union Customs Code

The European Union — the world's largest trader of manufactured goods and services — is adopting a new framework of customs rules, the Union Customs Code (UCC). From cutting-edge California mobile devices and Chinese...more

Action needed: new customs rules have potential severe impact on duties payable

As of May 1, 2016, the Union Customs Code (UCC) will come into effect and will replace the current Community Customs Code. The new UCC brings along significant changes in the customs rules which impact importers in the EU....more

EU Customs Developments - February 2016

EU Customs Policy - Union Customs Code (UCC) Developments - On 1 February 2016, the European Commission met representatives of selected EU-level business organisations in the so-called ‘Trade Contact Group’ (TCG) to...more

Brexit: What are the implications for tax law?

The precise impact of a Brexit on UK tax law is not possible to determine without knowing the terms of the exit negotiated by the UK with the EU and future government decisions. There are various ways the relationship between...more

New Antidumping Duty Petition on Phosphor Copper from Korea

On March 9, 2016, an antidumping (AD) petition was filed with the U.S. Department of Commerce (DOC) and U.S. International Trade Commission (ITC), regarding phosphor copper from Korea. The petition was filed by Metallurgical...more

Congress Approves Customs Bill

On February 24, President Obama signed into law the Trade Facilitation and Trade Enforcement Act of 2015 (H.R. 644), which the Senate had passed earlier in February by a 75-20 vote and the House passed in December 2015 by a...more

EU Customs Developments - January 2016

EU Customs Policy - Union Customs Code Developments - In January 2016, the draft Transitional Delegated Act (TDA) for the Union Customs Code (UCC) was discussed at committee/working party level in the European...more

There’s No Place Like Home: CITT Rules Hotels Are Not Domestic Settings

Whether an imported good is for “domestic” or for “other” purposes is an important distinction for customs because importers of goods “for domestic purposes” must pay customs duties ranging from eight per cent to 9.5 per cent...more

New U.S. Trade Law Exposes Importers to Duty Evasion Allegations and Targets Currency Manipulation, Among Other Changes

This week Congress amended U.S. customs law to create new risks and opportunities for companies importing goods into the United States. Most significantly, the Trade Facilitation and Trade Enforcement Act (TFTEA) will...more

EU Customs Developments: December 2015

EU Customs Policy - Union Customs Code Developments – Key Provisions Published - On 29 December 2015, the Implementing and Delegated Acts for the Union Customs Code (UCC) were published in the EU’s Official Journal...more

Look Under Your Tree for a Gift From DDTC. Ho Ho Ho!

If you’ve had outbound goods seized because a certain big name shipping company filed your AES on a shipment before you lodged the license with Customs, raise your hand. I thought so. A bunch of you have had that happen....more

CBSA Encourages Delinquent Exporters to Review Export Practices

On November 16, 2015, the Canada Border Services Agency (CBSA) issued Customs Notice 15-035 in response to its growing concern that goods transiting through the United States to a subsequent destination are going unreported....more

LIfe Sciences Spotlight (Asia Pacific) Unravelling the Helix

In this edition of Life Sciences Spotlight, members in the DLA Piper Life Sciences team will assist in unravelling the legal aspects of a real-world Life Sciences dilemma. In this issue, DLA Piper’s IP specialist, Ian Jebbitt...more

Russia: News on foreign trade with Turkey

In view of the recent events Russia has strengthened control in sphere of foreign trade with Turkey. Below you will find an overview of effective measures as well as possible sanctions to be introduced... ...more

Turkey’s “Additional Customs Duties” – Will Medical Devices Be Next?

In 2011, Turkey imposed for the first time “additional customs duties.” These are duties as high as 50% imposed on top of normal customs duties on certain goods entering the Turkish territory. These additional customs...more

EU Customs Developments

EU Customs Policy - Union Customs Code Developments - On 21 August 2015, the European Commission formally submitted its draft Delegated Act under the Union Customs Code (UCC) to the Council and the European...more

The Gap, the Trap and the Binding Spring - The Bri-Chem trilogy, the rule of law and self-corrections of revenue-neutral tariff...

In three decisions released concurrently by the Canadian International Trade Tribunal (CITT) on September 18, 2015 (collectively referred to as the Bri-Chem trilogy), the CITT instructed the Canada Border Services Agency...more

Tax Newsletter - July/August 2015 (China & Hong Kong)

Welcome to the latest issue of our Tax Newsletter. As you may be aware, much has happened since our last issue. In this issue, we highlighted a number of developments in both the PRC and Hong Kong that could be of legal and...more

Australian manufacturer is successful in asserting patent in China

Lucas Mills made media headlines for its win of 2 million yuan ($430,000) against a Chinese company who infringed Lucas’ patent for its flagship product, a portable sawmill. The sawmill allows logs to be cut into milled...more

The Trans-Pacific Partnership Agreement reached: What does it mean for you?

The United States and 11 other Pacific Rim trading partners recently announced that they have come to a provisional agreement on the wide-ranging trade agreement known as the Trans-Pacific Partnership (“TPP”), which, over...more

Trans-Pacific Partnership May Have Far-Reaching Consequences for U.S. Industry

This week, the 12 Trans-Pacific Partnership (TPP) member countries decided the final terms of what they report is a far-reaching agreement (Agreement or TPP Agreement). The 12 TPP countries are Australia, Brunei Darussalam,...more

Kyiv Tax Newsletter (Ukrainian) - October 2015

Amendments to the State Budget of Ukraine for 2015 - On September 17, 2015 the Verkhovna Rada of Ukraine adopted the Law on Amendments to the Law of Ukraine on State Budget for 2015 No. 704-VII. According to the...more

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