Customs Valuation Under the UCC: Further Guidance Needed?

• Autores: Walter de Wit
• Localización: EC tax review, ISSN 0928-2750, Vol. 26, Nº. 6, 2017, págs. 317-322
• Idioma: inglés
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• Resumen

  • This article deals with the new rule on customs valuation included in Article 128 of the Union Customs Code Implementing Act which is aimed at abolishing the so-called first sale for export valuation rule. The article discusses how the new requirement, that the sale occurring immediately before the goods were brought into the customs territory of the EU is decisive, will work for determining which transaction must be used to apply the transaction value methodology for customs valuation purposes. In relation to this requirement it also discusses the introduction of the new concept of domestic sale by the European Commission in its Guidance on customs valuation of April 2016 and the many questions this concept raises.