preferences

preferences

Goods from different countries of origin may have different duty rates, both positive and negative. All or part of the preferential originating countries enjoy exemption or reduction of customs duties, which every importer should take into account.  Here are a...
Customs value or tax calculation

Customs value or tax calculation

Oft Traders assume that the customs value is based on the invoice price, which is not necessarily true. The value to be used is the transaction value including all costs that are on the goods at the time of the transfer (to the EU). If the Incoterm is CIF, then the...