Understanding CBAM: The new European carbon border adjustment mechanism
The European Carbon Border Adjustment Mechanism (CBAM) introduces a new regulatory framework designed to address the carbon footprint of imported goods.
The European Carbon Border Adjustment Mechanism (CBAM) introduces a new regulatory framework designed to address the carbon footprint of imported goods.
On October 31, 2024, the European Union (EU) began enforcing new import tariffs of up to 45% on electric vehicles (EVs) produced in China. The decision, ratified by EU member states earlier in the month, follows a European Commission investigation which determined that Chinese EV manufacturers receive substantial subsidies.
On January 1, 2025, a revised Combined Nomenclature (CN) will come into effect, as stipulated in Implementing Regulation (EU) 2024/2522 by the European Commission. This update introduces significant changes to commodity codes. Organizations are advised to prepare their processes to avoid delays and errors in customs declarations.
The European Parliament has approved a one-year postponement for companies to comply with the EU’s deforestation regulation. This decision responds to concerns from businesses, member states, and international partners about the feasibility of meeting the original deadlines.
Starting in 2025, the NVWA will implement several important tariff changes. These include higher fees due to the integration of KDS and new charges for specific activities, such as TSE sampling and occupational health assessments in slaughterhouses.
On October 2, the European Commission proposed a 12-month delay in implementing the EU Deforestation Regulation (EUDR), with new start dates of December 30, 2025, for large companies and June 30, 2026, for SMEs.
The European Commission has taken another critical step towards the implementation of the EU Deforestation Regulation (EUDR) by proposing an additional 12-month phasing-in period. This
In December 2022, the Regulation establishing the European Union Single Window Environment for Customs came into force (Regulation (EU) 2022/2399). This regulation aims to simplify the processing of information related to non-customs formalities.
The European Commission has adopted a package of infringement decisions due to Member States failing to communicate measures taken to transpose EU directives into national law.
As of 1 July 2024, significant changes have been implemented regarding the declaration of pharmaceutical products (medicines) and active substances for import.
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.
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).
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.
Starting from September 2024, companies submitting customs declarations will receive a monthly specification with the Notice of Payment Deadline (MAB).
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.
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.
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.
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.
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.
From March 1, 2024, it will be mandatory to apply for union status certificates T2L and T2LF in the new EU Proof of Union Status system. This must be done in the EU Customs Trader Portal.
Some companies have been unable to submit data and reports related to the EU Carbon Border Adjustment Mechanism (CBAM) and Import Control System 2 (ICS2), due to an incident involving a technical component affecting several customs systems. To facilitate this process, a new functionality has been made available in the transitional registry from February 1.
The European Union aims to be the first continent to be completely climate neutral by 2050. This is also called the ‘European Green Deal’. To achieve this goal, the European Commission has introduced the ‘Fit for 55’ package, consisting of 14 measures, aimed at reducing the EU’s CO2 emissions by 55% by 2030 compared to 1990.
The system change from AGS to DMS will have major changes as well as relatively minor changes.
SGS are delighted to announce their participation in Transport Logistic 2023 – the leading international trade fair for logistics, mobility, IT and supply chain management.
SGS TransitNet is proud to announce its facility in Hadımköy has been officially granted Authorized Consignor status
As of the 1st of November, SGS can provide this pre-notification service via our official partner Billitz who are located in the port area of Trieste and Fernetti.
The UK government has announced a range of changes to its guidance regarding product conformity markings. Find out how this could affect your business.
HMRC have announced a number of changes for GVMS that will take affect from the 1st August 2022.
Please note that the UK has announced that no further import controls will be introduced for goods from the EU this year.
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