QUESTION: There are many past requests for clarification on this matter but don’t see the specifics for our current scenario. Hoping the membership can provide some guidance: We are a US only entity but have registered and obtained an EORI# (UK) and a VAT Registration number (DE) upon guidance from our consulting firm. We ship […]
QUESTION: Hypothetical scenario – We have a related party DC in France that we sell product to at $10.00. It sells on to French end users. We sell the same product to an unrelated distributor in Germany at $13.00. It sells on to German end users. Would we contravene any customs valuation laws by selling […]
QUESTION: Hypothetical scenario – We have a related party DC in France that we sell product to at $10.00. It sells on to French end users. We sell the same product to an unrelated distributor in Germany at $13.00. It sells on to German end users. Would we contravene any customs valuation laws by selling […]
QUESTION: In the EU, is there such a thing as a blanket EUR1 movement certificate? I know that the U.S. has this type of arrangement for NAFTA qualifying shipments. I’m wondering if the EU has something similar for its preferential goods within an FTA covering a period of time (e.g. 1 year) for all relevant […]
QUESTION: I’m a US company. I have a subsidiary in the UK. For purposes of this discussion, we’re only worried about being subject to US sanctions. We’re aware that other sanctions, inc. UK, apply. They’re a subsidiary of a US company. ========== Answers: The UK company would need to ensure that they are not engaged […]
QUESTION: Is it possible to set up a US Company with US address as an Importer of Record/ Sold to in EU? ========== Answers: No. You can be a NRI in the EU, but it only make sense if your customers are consumers as you will be hit with the full VAT. Otherwise you need […]
QUESTION: In the wake of the U.S. withdrawal from the JCPOA, the EU has issued its revision to Council Regulation (EC) No 2271/96, which effectively prohibits EU companies (including subsidiaries of U.S. companies) from complying with U.S. sanctions against Iran. This regulation has been on the books for over two decades but has never been […]
QUESTION: I am looking for documentation which details how to determine the price paid or payable for transaction value for the EU – specifically additions such as Royalties, Assists, Selling Commissions. Does anyone have a link or information they would share that specifically address’s this topic? ========== Answers: From a UK perspective, this may give […]
QUESTION: Post-Brexit (or at least after the transition/implementation period ends in December 2020) UK products and components will cease to count for assessing the EU origin of goods and systems and so will cease to benefit from current tariff-free trade with the EU and also any preferential tariff rates under FTAs the EU holds. How […]
QUESTION: Our US based company export our products to a bonded warehouse in NL, then the products shipped to our Customers in EU as DDP based from this warehouse, Customs clearance occurs at the time of shipping to the customer. We have Limited Fiscal Representative (LRF) that clears the goods and pays the duty on […]
QUESTION: My Company is selling into Europe and has certified many of our products to be CE Compliant. We have a customer who is telling us they want to buy a device that operates on 230 volt AC and would therefore fit into the Low Voltage Electrical Equipment category that from my understanding needs […]
QUESTION: I’m wondering if anyone knows if there is a website where someone in the EU can apply for a EORI number? ========== Answers: https://www.gov.uk/eori works from within the UK ========== Everything you need for EORI Registration and taxation authorities can be found here: https://ec.europa.eu/taxation_customs/business/customs-procedures/general-overview/economic-operators-registration-identification-number-eori_en ========== The applicaton is to be made in the […]
