Global

Details

  • Service: Tax, Global Indirect Tax, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 11/6/2013

EU - Proposal to continue customs exemption for jet fuel 

November 6: The European Commission has proposed to continue an exemption from customs duties for jet fuel imports, beginning 1 January 2014.

As explained in an EC release (4 November 2013), the proposal intends to continue the existing 0% customs tariff on jet fuel—an exemption that has applied for many years.


Currently, the vast majority of the EU's jet fuel imports originate in countries that benefit from the Generalised Scheme of Preferences (GSP). However, due to changes in the GSP rules next year, imports of jet fuel may no longer benefit from preferential treatment under EU trade rules. In order to give time to the EU airline industry to adjust, as well as provide certainty for traders, the EC decided to propose an exemption of all jet fuel imports from customs duties, regardless of their country of origin.


The proposal now must be adopted by EU Council before it can be effective.




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