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 […]
QUESTION: Recently some EU companies say they can ship any US-purchased parts to Iran, as long as the parts are EAR99. Where is this coming from?? ========== Answer: Absolutely not possible. Unfortunately the EU regulations are MUCH more relaxed with Iran then the USA, and just about all companies I have spoken with in Europe […]
QUESTION: In the EU do all of the countries have the same 10 digit classification? ========== Answers: The European Union is a customs union with a common customs tariff. 10 digit classification – called TARIC – is common at each member state. I know only one member state which adds a local extra – 11th […]
QUESTION: I’m working on centralizing the management of our European imports. We have operations and imports in several European countries, including the U.K., France, Spain, Germany, Italy, and more. Because it’s currently decentralized, I don’t have data on our volumes and all the brokers we’re using for each country. Is there anything like ACE in […]
QUESTION: We know that the EU doesn’t have an “umbrella” law regarding product origin marking and labeling for goods brought into and traded within the single market but what about this scenario: Pressure equipment (valves) is brought in to Germany from China and resold to markets within the EU as well as outside, to […]
QUESTION: Are any members self-filing in the EU, specifically UK? Considering Brexit, will you continue to self-file or will you outsource some or all of your declarations? For reference, we currently have approx. 1200 import declarations per year and 600 exports + 3000 EU outbound shipments. ************* Add’l Answer: Our company has many sites in […]
