Import Tariffs: The Integrated Tariff of the Community, referred to as “TARIC (Tarif Intégré de la Communauté)”, is designed to show the various rules which apply to specific products being imported into the customs territory of the EU or, in some cases, exported from it. To determine if a license is required for a particular product, check the TARIC. The TARIC can be searched by country of origin, Harmonized System (HS) Code, and product description on the interactive website of the Directorate-General for Taxation and the Customs Union. The online TARIC is updated daily.
Import Documentation: The official model for written declarations to customs is the Single Administrative Document (SAD). Goods brought into the EU customs territory are, from the time of their entry, subject to customs supervision until customs formalities are completed. Goods are covered by a Summary Declaration which is filed once the items have been presented to customs officials.
Customs Valuation: Most customs duties and value added tax (VAT) are expressed as a percentage of the value of goods being declared for importation. Thus, a standard set of rules for establishing the goods’ value, is necessary for the calculation of the customs duty. The value of imported goods is one of the three ‘elements of taxation’ that provides the basis for the assessment of the customs debt, which is the technical term for the amount of duty payable, the other being the origin of the goods and the customs tariff.
U.S. Export Controls: The U.S. Department of Commerce’s Bureau of Industry and Security (BIS) is responsible for implementing and enforcing the Export Administration Regulations (EAR), which regulate the export and re-export of some commercial items, including“ production” and “development” technology.
Source: The International Trade Administration (ITA), U.S. Department of Commerce www.export.gov