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US IMPORTS - New EU Import Duties

On of 09/11/20 the EU Commission published “Implementing Regulations (EU) 2020/1646” affecting the import duties applicable for certain USA origin products. With immediate effect additional duties will be applied to a number of products as follows:

(a) additional advalorem duties at a rate of 15% for products specified in Annex I;
(b) additional
advalorem duties at a rate of 25% for products specified in Annex II.
 

For example, Peptones (HTS 3504) and Albumins (HTS 3502) originating from the US are listed in Annex II. and will become subject to the additional duty of 25% ad valorem. 
 

The full text of the Regulation as well as its Annexes containing the customs codes list to which the new tariffs apply can be found here.

During the transit period exemptions can be made for:

  1. Products listed in the Annexes, for which an import licence with an exemption from, or a reduction of duty has been issued prior to the date of entry when this regulation came into force.
     
  2. Products listed in the Annexes, for which the importers can prove that they have been exported from the United States to the European Union prior to the date on which an additional duty is applied with respect to that particular product.

 

For more information you can contact us at any time.

Stay tuned!

16.11.2020 19:59