On April 15, 2024, the amending regulation on the introduction of the binding customs valuation information ("vZWA") was published in the Official Journal of the European Union. The introduction of the "vZWA" is intended to create legal certainty in determining the customs value of imported goods. The published regulations are expected to enter into force on December 1, 2027.
The "vZWA" is intended to enable companies in the European Union to obtain bindinginformation from the customs administration before an import is carried out. The associated legal certainty in customs valuation issues should facilitate business planning and help to avoid customs valuation errors.
Binding customs tariff information and binding origin information already exist. In future, the new instrument of binding customs valuation information will join the existing instruments of binding tariff information (BTI) and binding origin information (BIO) and provide certainty on the application of customs valuation regulations throughout the EU in individual cases.
Links:
Durchführungsverordnung (EU) 2024/1071
Delegierte Verordnung
Sources:
EUR-Lex