Changes in pharmaceutical product import declarations effective from 1 July 2024
As of 1 July 2024, significant changes have been implemented regarding the declaration of pharmaceutical products (medicines) and active substances for import.
Buying products from Chinese webshops is likely to become more expensive
These cheap goods are currently subject to a customs exemption, meaning that no import duties are due when entering the EU. The European commission is now planning to remove this exemption.
NCTS 4 will be replaced by NCTS 5
As of October 29, 2024, there will be a change in the customs transit process. From that date, you will no longer use the declaration system New Computerized Transit System (NCTS phase 4), but the Customs Transport Application (NCTS phase 5).
The Start of the Transitional Period for CBAM
In October 2023, the transitional period for the Carbon Border Adjustment Mechanism (CBAM) began. This period, which runs from October 1, 2023, to December 31, 2025, offers companies the opportunity to adapt to the new situation, become familiar with the system, and prepare for the collection of accurate data.
From September: Specification Notice of Payment Deadline (MAB)
Starting from September 2024, companies submitting customs declarations will receive a monthly specification with the Notice of Payment Deadline (MAB).
EU Imposes New Restrictive Measures on Belarus
The European Council has implemented a new set of restrictive measures against Belarus in response to its support for Russia’s illegal war of aggression against Ukraine.
Term ‘Dispatched from’ for Anti-Dumping and Countervailing Duties
The Netherlands and the European Commission recently held a ‘constructive dialogue’ regarding the interpretation of the concept of ‘shipped from.’ This concept frequently appears in extended regulations for anti-dumping and countervailing duties.
Reverse charge of VAT at import
Do you import goods into the Netherlands, without having a branch or a permanent establishment in the Netherlands? That means you will owe VAT when you import these goods. In principle, you can reclaim this VAT via the Dutch VAT return, but this may take several months.
European Parliament approves groundbreaking law for human rights and environment in supply chains
The European Parliament has given the green light on April 24 for a historic law that obliges large companies to protect human rights and the environment in their supply chains.
Relocating to a new office
We’re moving! SGS Maco Customs Service is pleased to announce that we our headquarters in Roermond will be moving to a new location. As of March 18, 2024, our new address will be Louis Eijssenweg 2, 6049 CD Roermond.