A new version of the Combined Nomenclature (CN) has been published by the European Commission on 31 October 2022 and will be applicable from 1 January 2023. The CN is used for the classification of goods and provides the basis for the declaration of goods at importation or exportation. The CN is updated on a …
The Excise Movement and Control System (EMCS) is a computerised system for monitoring the movement of excise goods under duty suspension in the EU. The Dutch part of the updated version of EMCS is only expected to be ready by 1 October 2023 instead of the original deadline 13 February 2023. The system is being …
Dutch part of updated EMCS expected to go live by 1 Oct 2023 Read More »
Malaysia, the Philippines and Singapore have recently implemented the 2022 version of the ASEAN Harmonised Tariff Nomenclature (AHTN 2022). As a result, the 2017 version has been replaced and new permit applications are required using the AHTN 2022 Harmonised System (HS) codes as well as reapplication of advance rulings on classification. Poldertrade recommends importers in …
AHTN 2022 implementation in Malaysia, the Philippines and Singapore Read More »
On 30 June 2022, the EU and New Zealand concluded negotiations for a comprehensive trade agreement. With EU being the third largest trade partner of New Zealand, trade between the two countries is expected to increase by about 30%. Once the agreement enters into force, it would provide the following incentives: Eliminating tariffs on certain …
Since the start of the Russian invasion into Ukraine, the EU and the UK have enforced sanctions. Member states of the EU applied them to their national regulations, for example, the Netherlands halted all shipments bound for Russia to verify whether the goods would fall under the sanctions. This resulted in a complete trade stop …
On 18 February 2022, India and the UAE signed a Comprehensive Economic Partnership Agreement (CEPA) and it entered into force on 1 May 2022. The agreement covers trade in goods, customs procedures and trade facilitation, rules of origin, sanitary and phytosanitary measures, and trade in services among other aspects. The CEPA covers nearly all of …
The UK government announced another delay in imposing its full post-Brexit import controls on goods from the EU, now to the end of 2023. Therefore, companies can halt their preparations of Border Operating Model (BOM) Phase 3, which was planned for July 2022, as the UK plans to issue a new target operating model during …
Belgian Customs has implemented PLDA (Paperless Customs & Excise) reporting via the Ministry of Finance (MOF) portal for all economic operators. It enables economic operators to request PLDA data and perform cross checks against the operator’s own datasets allowing them to identify potential irregularities. Dutch Customs also allows economic operators to request for import and …
Belgian customs system (PLDA) reporting via MOF portal Read More »
On 2 April 2022, Australia and India signed an Economic Cooperation and Trade Agreement (AI ECTA) and is expected to become effective at the end of this year. The full agreement has not been published yet, however, the key points have been shared and focuses on supporting trade through reduction and elimination of tariffs for …
DMS (Customs Declarations Management System) will be the new system of Dutch Customs. Declarations must be made on the new system latest from 1 July 2023 and can be used starting from October 2022. The changes with the introduction of the new system follow the requirements of the amended version of Annex B to the …
