aduanas

The Transfer Pricing adjustment does not impact on the customs value of imported goods. Judgment of the European Court of Justice of December 20th, 2017

The European Court of Justice published in December 20, 2017 a sentence (case C-529/16) that decouples the prices agreed between related entities and the customs value declared. This relation was proposed by the World Trade Organization by 2015, through the publication of the Customs Valuation and Transfer Pricing Guide. This…

Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union

On 30 of October took place the Comprehensive Economic and Trade Agreement (CETA) between the European Union and Canada, by which it is liberalized the trading between both territories and its members. Although it has been agreed that the Agreement enters into force provisionally as of its signature, planned for…

Interim administrative guidelines on the European binding tariff information (EBTI) System and its operation

The European Binding Tariff Information (EBTI) System is the method that the economic operators have to achieve certainty with respect to their relations with the EU Customs Authorities regarding the value of customs duties accrued in their operations of import and export in the EU customs territory. This system facilitates…

Modification of the customs value by the customs authority when the transaction value is considered to be abnormally low. Judgment of the Court of Justice of the EU of June 16, 2016

The customs value of imported goods is defined by the article 29, paragraph 1, of the Regulation (EEC) 2913/92 of the Council by which is approved the Customs Code of the Community, as: “the transaction value, that is, the price actually paid or payable for the goods when sold for export…