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Edition No: 29 -2024
In Edition 29-2024 of Customs Watch, we go beyond the typical newsletter, offering updates and insights that cannot be found elsewhere. Our team rigorously scans legal and legislative developments to inform you about the most recent and impactful changes.
In this edition, we delve into several key areas, starting with Anti-Dumping Duties (ADD), where we review new regulations from the European Commission, including the termination of partial reviews on measures concerning pneumatic tyres and a detailed look into the latest amendments affecting electric bicycles and oxalic acid imports.
We also cover the mandatory CO2 value reporting under CBAM, effective from Q3 2024, and crucial updates in Classification & Tariff rulings, such as the case involving scientific instruments and apparatus classifications.
In the Customs Declaration section, we focus on the latest updates from UK Customs, including changes to payment procedures and sanction conditions for Russian-origin diamonds. We provide crucial insights into new Free Trade Agreements and the first meeting minutes on motor vehicle parts under the EU-UK Trade and Cooperation Agreement.
For Rules of Origin, we highlight a pivotal case related to restrictive measures involving teak logs from Burma/Myanmar, while Trade with Northern Ireland takes center stage with the latest on the Windsor Framework and upcoming changes to parcel shipping and meat product movements.
Lastly, we break down the essential VAT and Customs Valuation changes, providing clarity on VAT-free exports and a critical look into the evolving interpretation of "First Sale For Export" rules in customs valuation.
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