With the entry into force of the Union Customs Code (UZK) on 1 May 2016, the requirements for customs authorisations have changed. Permanent stock approvals granted under the old legal situation must now be revalued. The customs administration will start the revaluation in the 1st quarter 2017 and must complete this by 01.05.2019. Companies that have been granted a licence should now check whether they comply with the requirements of the ICC.
Timetable by type of licence
The revaluation is staggered according to license type. It starts with the unlimited licences, the revaluation of which does not result in a disadvantage for the holder. This group includes in particular authorisations for AEO, approved exporter and beneficiary, deferral of payments and various local clearance procedures. However, due to the high number of revaluations according to the customs administration, results are not expected before the end of 2018.
Subsequently, licences which are subject to stricter conditions after the expiry of the transitional period, i.e. from 01.05.2019 according to the UZK, will be re-evaluated. This includes, among others, authorisations for customs warehousing type A, B, C, D and E and temporary storage.
Companies should prepare now
Written contact to the license holders by the main customs offices is planned between the first quarter of 2017 and the middle of the second quarter of 2017. The reassessment should always be based on self-assessment questionnaires. If a company does not fulfil its obligations to cooperate, there is a risk of revocation of the licence. Prepare yourself now for the revaluation by checking whether you meet the future licensing requirements of the UZK. This enables you to adapt your customs regulations in good time.
Our experienced customs lawyers will check if your permits meet the requirements of the UZK.
Your contact person
Dr. Tristan WegnerABC-Str. 2120354 Hamburg