EUROPEAN COMMISSION CUSTOMS HARMONISATION POSES RISKS FOR CAR IMPORTERS
November 1st, 2009
BY KEITH NUTHALL
CONCERNS are being provoked amongst auto traders over the latest implementation of the harmonised and modernised European Union (EU) customs code. Detailed reforms will be introduced step-by-step by the European Commission until June 2013, and two recent linked proposals have sparked fears at the Retail Motor Industry Federation (RMI) that they could increase the customs valuation of some vehicles when imported into the EU from non-EU countries. Because most duties reflect a set percentage of that price, the cost of these cars, SUVs and vans ...
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