One of the characteristics of customs duty is its general scope. It applies to all individuals regardless of their qualities. However, this principle is not absolute. Exceptions, in terms of partial or total exemptions from duties and taxes, are granted based on legal or regulatory texts (Finance Law, Customs Code, Investment Code, International Convention, etc.). […]
Customs evaluation of goods cannot be done without taking into account the provisions of the sales contract, hence the importance for customs and the declarant to master the Incoterms (International Commercial Terms). SECTION 1: GENERALITIES Incoterms come in various types. Only a good understanding of the rules will optimize the customs value. Paragraph 1: Definition […]
As we have seen above, the customs declaration includes several mentions. Among all these elements, there are three (03) that are essential for proper taxation of the goods. They are: the tariff classification, the origin, and the customs value. These elements are considered essential because they not only constitute the basis for taxation but also […]
The customs declaration is the act (made in the form prescribed by customs), whereby the importer or exporter indicates the customs regime to be assigned to the goods and communicates the elements required by customs for the application of this regime. SECTION 1: THE SINGLE ADMINISTRATIVE DOCUMENT (SAD) AND PERSONS AUTHORIZED TO COMPLETE IT The […]
The customs code prescribes obligations for the taxpayer, the non-compliance of which constitutes offenses. These obligations are the same for most customs regimes, whether they are simple suspensive regimes or specific to import or export. SECTION 1: BEFORE AND UPON ARRIVAL OF GOODS The taxpayer’s obligations begin as soon as the merchandise is on its […]
In “The theory of economic integration” (1961), the Hungarian economist Béla Balassa established five different forms or stages of the regional integration process, depending on whether it is more or less advanced. These are: the free trade area, the customs union, the common market, the economic union, and the economic and monetary union. 1- The […]
