Global

Details

  • Service: Tax, Global Indirect Tax
  • Type: Regulatory update
  • Date: 7/8/2013

EU - Applications for customs duty relief due 31 July 

July 8: The deadline for filing applications for relief from customs duty with respect to imports of certain goods into the European Union (EU) is 31 July 2013.

Background

Customs duties applied in the EU are intended to protect EU manufacturers against competition from non-EU goods.


However, there are instances when some goods are not available from EU manufacturers—e.g., goods of specific parameters, characteristics, composition or functionality.


Similar goods may be available from EU manufacturers; however, the goods may not meet specific requirements of other manufacturers, processing or trading companies (e.g., inappropriate quality or insufficient output).


In such instances, EU processers or trading companies import these from outside the EU. If such imports are subject to customs duty, then the effect of the customs duties is not for the protection of community manufacturers, but rather, the customs duty simply creates unnecessary costs for importers.

Customs relief

To provide relief, the EU may allow for total or partial removal of customs duty applicable to imports of such specific goods.


The requirements for applying for customs duty relief are:


  • An application is filed by an interested party forced to import a product / material from outside the EU.
  • The import of the product / material is subject to a customs duty greater than 0%.
  • The annual amount of customs duty paid exceeds €15,000.

The next deadline for applications to be filed by interested parties expires 31 July 2013.


Read a June 2013 report [PDF 84 KB] prepared by the KPMG member firm in Poland: Possible removal of import duty on goods imported from outside the European Union – action required by 31 July 2013




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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.

 

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