EU ROUND UP

BY KEITH NUTHALL
"SERIOUS concern" has been expressed by the European Commission over the failure of a number of Member States to set up telecommunications and IT networks to establish a New Computerised Transit System, which should seal an administrative loophole bleeding millions of Euro's in defrauded revenue.

National governments have until mid-June 2003 to install the technology, which will allow customs official to police the 'transit' system that allows goods to enter and cross the EU duty-free, attracting duty only at the country of ...


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