ECONOMY FINANCE&BANKING

Romania to accede to Community Customs Code on May 1st

The National Tax Authority (ANAF) will implement, starting on May 1st, the Community Customs Code, which establishes common EU-level procedures in order to facilitate trade.

Thus, the same rules are applied regardless of the member state in which the merchandise is declared and, once the customs formalities have been completed the merchandise can travel freely or can be sold throughout the Union, ANAF informs.

The most important changes promoted by the new Customs Code are: the implementation of an electronic system for the management of customs decisions that will manage all exchange of information between customs authorities and between customs authorities and companies, the electronic processing of all information exchanged, and, moreover, the companies are given the possibility to send clarifications before the General Customs Directorate adopts a possibly unfavourable decision.

“The new Customs Code will ease trade and will ensure the protection of the domestic market. Faster direct cooperation with trade partners will secure the supply chains and will simplify the relation between the business sector and the customs authorities. The implementation of the New Customs Code ensures the premises of simpler and faster customs control, by 2020,” ANAF President Eugen-Dragos Doros stated.

EU Regulation no.952/201, Commission Delegated Regulation no. 2015/2446, EU Regulation no.2015/2447 and EU Delegated Regulation no.2016/341 will also come into force on May 1st.

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