EU: Corrections, amendments to Uniform Customs Code | KPMG | GLOBAL

EU: Corrections, amendments to Uniform Customs Code

EU: Corrections, amendments to Uniform Customs Code

The European Commission today announced that corrections and amendments to the Uniform Customs Code (UCC) implementing regulation will enter into force on 14 June 2017.

1000

Related content

According to the EC release, the changes include: 

  • Clarification and simplification of the rules for issuing a long-term supplier's declaration (for instance, re-introduction of the possibility of issuing at any point in the year, a single declaration covering the full calendar year) 
  • More time being allotted for obtaining a registered exporter (REX) number for the purposes of trade facilitation agreements, particularly for the EU-Canada agreement 
  • International road transport being better secured in financial terms because the limit up to which any guaranteeing association may become liable in relation to a particular international road transport (TIR) operation has increased from €60,000 to €100,000 
  • Clarification of the rules for designating the customs office of exit in cases of export followed by transit of excise goods

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Request for proposal

 

Submit