July 03, 2021
Maintaining master data: the best practice tips

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Well-maintained master data is a basic requirement for the success of your projects. Therefore, get tips for efficient and sustainable master data maintenance - so that you are well prepared in the project phase.
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Case law
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CJEU on the fairness of penalties for customs infringements in the EU
03-03-2024

In the European Union, customs penalties and their proportionality fall within the national competence of the Member States. In a recent judgment, the Court of Justice of the EU (CJEU) ruled that the imposition of an administrative penalty of 50% of the amount of duty underpaid is justified "notwithstanding the good faith of and precautions taken by the operator concerned". What does this mean for EU importers who declare the non-preferential origin of goods on the basis of proofs issued by the authorities of third countries that turn out to be incorrect? We provide an overview of the case and consider what conclusions economic operators could draw from it.

Dr Ilona Mishchenko

risk management
Case law
icon
CJEU on the fairness of penalties for customs infringements in the EU
03-03-2024

In the European Union, customs penalties and their proportionality fall within the national competence of the Member States. In a recent judgment, the Court of Justice of the EU (CJEU) ruled that the imposition of an administrative penalty of 50% of the amount of duty underpaid is justified "notwithstanding the good faith of and precautions taken by the operator concerned". What does this mean for EU importers who declare the non-preferential origin of goods on the basis of proofs issued by the authorities of third countries that turn out to be incorrect? We provide an overview of the case and consider what conclusions economic operators could draw from it.

Dr Ilona Mishchenko

risk management
Filling out the customs declaration
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Correction of errors in customs declarations - importance and challenges in the EU
03-03-2024

The saying "Only those who don't work make no mistakes" aptly states that it is human to make mistakes and there is no way to change that - the mistakes will happen. But they need to be managed - to be minimised and corrected as quickly as possible. The Union Customs Code provides for a three-year period during which it is possible to apply to the customs authorities for the correction of errors, the recovery of overpaid taxes or the payment of underpaid amounts. In Lithuania, however, the new national legislation no longer provides for the possibility of correcting certain data elements. Let's take a look at the challenges this poses for businesses, as well as practices in other countries and trends.

Enrika Naujokė

risk management
Filling out the customs declaration
icon
Correction of errors in customs declarations - importance and challenges in the EU
03-03-2024

The saying "Only those who don't work make no mistakes" aptly states that it is human to make mistakes and there is no way to change that - the mistakes will happen. But they need to be managed - to be minimised and corrected as quickly as possible. The Union Customs Code provides for a three-year period during which it is possible to apply to the customs authorities for the correction of errors, the recovery of overpaid taxes or the payment of underpaid amounts. In Lithuania, however, the new national legislation no longer provides for the possibility of correcting certain data elements. Let's take a look at the challenges this poses for businesses, as well as practices in other countries and trends.

Enrika Naujokė

risk management
Panorama
icon
Bahrain Customs implements digital warehouse management system
23-02-2024

Bahrain Customs Affairs (BCA) is constantly developing its systems and infrastructure to support and improve Customs operations, thereby helping to build a safe, advanced, investment-friendly business environment in the Kingdom. Bahrain, an active Member of the WCO, regularly examines the standards, recommendations and tools developed by the Organization and wishes to act as a leader to the Customs community by demonstrating excellence and creativity in Customs practices.

Customs Clearance Directorate

risk management
Panorama
icon
Bahrain Customs implements digital warehouse management system
23-02-2024

Bahrain Customs Affairs (BCA) is constantly developing its systems and infrastructure to support and improve Customs operations, thereby helping to build a safe, advanced, investment-friendly business environment in the Kingdom. Bahrain, an active Member of the WCO, regularly examines the standards, recommendations and tools developed by the Organization and wishes to act as a leader to the Customs community by demonstrating excellence and creativity in Customs practices.

Customs Clearance Directorate

risk management
Panorama
icon
MERCOSUR launches Customs Data Model based on WCO standard and takes a leap forward in terms of data exchange
23-02-2024

The Southern Common Market (known as MERCOSUR) is a regional integration process initially established by Argentina, Brazil, Paraguay and Uruguay, and subsequently joined by Venezuela (currently suspended) and Bolivia (whose accession procedure is still underway). MERCOSUR makes its decisions through three bodies: the Council of the Common Market (CMC), which is the main MERCOSUR body that conducts the integration process politically; the Common Market Group (GMC), which oversees the day-to-day functioning of the bloc; and the Mercosur Trade Commission (CCM), which is responsible for the administration of common commercial policy instruments.

Leonardo Pellegrino

IT systems, databases
Panorama
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MERCOSUR launches Customs Data Model based on WCO standard and takes a leap forward in terms of data exchange
23-02-2024

The Southern Common Market (known as MERCOSUR) is a regional integration process initially established by Argentina, Brazil, Paraguay and Uruguay, and subsequently joined by Venezuela (currently suspended) and Bolivia (whose accession procedure is still underway). MERCOSUR makes its decisions through three bodies: the Council of the Common Market (CMC), which is the main MERCOSUR body that conducts the integration process politically; the Common Market Group (GMC), which oversees the day-to-day functioning of the bloc; and the Mercosur Trade Commission (CCM), which is responsible for the administration of common commercial policy instruments.

Leonardo Pellegrino

IT systems, databases
Panorama
icon
Automatic Customs data exchange: a look into the system used in the Western Balkans
23-02-2024

Customs administrations in the Western Balkans have established a platform to automatically exchange Customs data. Called “SEED”, the system has proven efficient in identifying irregularities, offences and smuggling activities, as well as in accelerating the clearance of goods.

Customs Administration of Serbia

IT systems, databases
Panorama
icon
Automatic Customs data exchange: a look into the system used in the Western Balkans
23-02-2024

Customs administrations in the Western Balkans have established a platform to automatically exchange Customs data. Called “SEED”, the system has proven efficient in identifying irregularities, offences and smuggling activities, as well as in accelerating the clearance of goods.

Customs Administration of Serbia

IT systems, databases
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