Baker McKenzie’s Insight Plus Blog published “Argentina: Oil and gas – Regulation to accelerate the import process for Vaca Muerta,” which can be viewed here.
Retroactive TP-adjustments – whether upwards or downwards – Highest German Court rules that they do not have an impact on the customs value. On 17 May 2022 (published end of September 2022) the German Federal Fiscal Court (or: Bundesfinanzhof. “BFH”) – which is the Highest court for tax related matters in Germany – gave its final judgement in the (in)famous Hamamatsu case. This proceeding is part of the referral to the European Court of Justice…
Baker McKenzie’s International Commercial & Trade Blog published “Regional Comprehensive Economic Partnership Agreement (RCEP),” which can be viewed here.
At the end of last month the UK government announced a range of proposed measures to ease the transition to the new UK Conformity Assessed (UKCA) regime that will replace the EU’s CE marking regime for the Great Britain market (England, Scotland and Wales) in respect of most types of CE marked products from the start of 2023. Note, products sold in Northern Ireland will continue to need to be CE marked as a result…
On June 9, 2022, the European Court of Justice (ECJ) issued its decision in case C-599/20 (Baltic Master UAB). This case provides more clarity on the concept of related persons, which allows customs authorities to disregard the transactions value and instead use different valuation methods to determine the customs value of imported goods. EU customs law provides for an exhaustive list in determining when (legal) persons are related and in which situations customs authorities can…
Baker McKenzie’s Global Compliance News Blog published “Norway: New Norwegian Transparency Act on social sustainability becomes effective as of 1 July 2022,” which can be viewed here.
Baker McKenzie’s Global Compliance News Blog published “Thailand: Human rights due diligence,” which can be viewed here.
Baker McKenzie’s Global Compliance News Blog published “Thailand: Guidelines for growing and importing cannabis and hemp from 9 June 2022,” which can be viewed here.
Introduction In the early hours of 17 June 2022, the Ministerial Conference of the World Trade Organization (WTO) adopted a package of decisions after five days and nights of intense negotiations that appeared to be teetering on the brink of collapse. With the WTO’s credibility on the line, trade ministers were able to compromise and reach consensus at the last minute, reaffirming the WTO’s capacity to deliver multilateral trade rules and provide trade-related responses to…
The Ministry of Trade amended the Customs Regulation (“Regulation”) on 25 May 2022. Amendments include a simplified authorized sender declaration as well as changes to regulations covering: declaration periods for imports with unknown values; delivery of goods; incomplete export declarations and supplementary export declarations; general warehouse storage and permits, the cost of customs laboratory testing; and, companies established by authorized customs consultants.The main amendments introduced to the Regulation are as follows: The period granted for…