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AEO, customs compliance and artificial intelligence: the next frontier of the customs
The aim of this article is to start to outline and analyze the impacts of the artificial intelligence (AI) on the customs compliance and AEO. Firtsly, it could be interesting to understand the meaning of “artifical intelligence”. Indeed, according to John McCarthy (emeritus professor at Stanford University in 1955) definition, artificial intelligence is “the science and engineering of making intelligent machines”. In practical terms, artificial intelligence allows the performance of actions normally done by human intelligence. By means of algorithms, the artificial intelligence system can: Learning; Reasoning; Improve its own creativity; Self check and control. From the point of the view of the authorized economic operator (AEO), the development of …
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CBAM: EU information guide for importer of steel and iron
The EU Commission published the “CBAM information guide for importer of steel and iron” where: Explains that “…importer must report quarterly on the quantities of steel and iron goods you import into the EU, and the greenhouse gas emissions released as they were produced (embedded in those goods); Recalls that “…any monetary payments until 2026, from which point the importer or his customs representative will be expected to buy and surrender CBAM certificates corresponding to the quantity of embedded emissions in the goods…”; Provides this checklist: Lists the following key points for the reporting activity: a) The quantity of steel and iron in the scope of CBAM being imported to…
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CBAM: EU information guide for importer of hydrogen
The EU Commission published the “CBAM information guide for importer of hydrogen” where: Explains that “…importer must report quarterly on the quantities of hydrogen goods you import into the EU, and the greenhouse gas emissions released as they were produced (embedded in those goods); Recalls that “…any monetary payments until 2026, from which point the importer or his customs representative will be expected to buy and surrender CBAM certificates corresponding to the quantity of embedded emissions in the goods…”; Provides this checklist: Lists the following key points for the reporting activity: a) The quantity of hydrogen in the scope of CBAM being imported to the EU during the previous quarter;…
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CBAM: EU information guide for importer of fertilizers
The EU Commission published the “CBAM information guide for importer of fertilizers” where: Explains that “…importer must report quarterly on the quantities of fertilizer goods you import into the EU, and the greenhouse gas emissions released as they were produced (embedded in those goods); Recalls that “…any monetary payments until 2026, from which point the importer or his customs representative will be expected to buy and surrender CBAM certificates corresponding to the quantity of embedded emissions in the goods…”; Provides this checklist: Lists the following key points for the reporting activity: a) The quantity of FERTILIZER in the scope of CBAM being imported to the EU during the previous quarter;…
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CBAM: EU information guide for importer of cement
The EU Commission published the “CBAM information guide for importer of cement” where: Explains that “…importer must report quarterly on the quantities of cement goods you import into the EU, and the greenhouse gas emissions released as they were produced (embedded in those goods); Recalls that “…any monetary payments until 2026, from which point the importer or his customs representative will be expected to buy and surrender CBAM certificates corresponding to the quantity of embedded emissions in the goods…”; Provides this checklist: Lists the following key points for the reporting activity: The quantity of cement products (in tonnes) in the scope of CBAM being imported to the EU during the…
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CBAM: EU information guide for importer of aluminum
The EU Commission published the “CBAM information guide for importer of aluminum” where: Explains that “…importer must report quarterly on the quantities of aluminium goods you import into the EU, and the greenhouse gas emissions released as they were produced (embedded in those goods); Recalls that “…any monetary payments until 2026, from which point the importer or his customs representative will be expected to buy and surrender CBAM certificates corresponding to the quantity of embedded emissions in the goods…”; Provides this checklist: https://europa.eu/!nF6C6q; Lists the following key points for the reporting activity: a) The quantity of aliminium products (in tonnes) in the scope of CBAM being imported to the EU…
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Delega fiscale, sanzioni, AEO, compliance e affidabilità
Il 4 agosto 2023 è stato approvato il disegno di legge sulla delega fiscale (disegno di legge AC 1038-B del 23 marzo 2023) in materia di riforma del sistema fiscale e doganale italiano. Questa legge prevede che il Governo adotti entro 24 mesi, uno o più decreti legislativi recanti la revisione del sistema tributario nel rispetto dei principi costituzionali, nonché del diritto dell’Unione europea e internazionale. Per quanto riguarda il settore doganale e quello della tassazione ambientale (accise ed imposte di consumo) gli aspetti di maggiore rilevanza sono: a revisione delle disposizioni in materia di accisa e delle altre imposte indirette sulla produzione e sui consumi; sanzioni doganali; motivazione degli…
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OECD, AEO and goods and services in international trade
Our focus into AEO and customs compliance brings us to read and share (very shortly) the very interesting OECD Policy paper n.274/2023 “interactions between goods and services in international trade” which: “…examines whether the customs valuation systems and rules of origin are sufficiently attuned to the changing landscape of commercial realities characterised by new and diverse configurations of goods-services trade…”; “…suggests that, while goods-services interactions in international trade do not require a radical restructuring of existing trade law, challenges for the current approaches and practices for customs valuation and origin determination call for policy solutions specific to each type of goods-services configuration…”; Identifies and distinguishes the following trade configurations (goods-services)…
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Chips act, EU trade policy and semiconductor
On 25 July 2023 the European Council approved the regulation to strengthen Europe’s semiconductor ecosystem, better known as the ‘Chips Act’ which aims to: create the conditions for the development of a European industrial base in the field of semiconductors; attract investment; promote research and innovation; prepare European Union for any future chip supply crisis. From a customs perspective, the chips generate consequenses on: value; origin; classification; compliance.
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New elements of the modernized FTA EU Chile
The main aspects of the modernized FTA (free trade agreement) between the UE and the Chile are: accounting segregation for fungible materials; non alteration principle; claim for preferential tariff treatment by means of either statement of origin (with REX for EU economic operators) or importer knowledge; requirement of record keeping; bilateral cumulation EU-Chile; right of the parties to study more complex ways of cumulation. The AEO authorization can support the economic operator in ensuring high compliance with the obligations of the FTA.