The EU has issued a new regulation (952/2013) which brings into one piece of legislation the various acts which have previously made up the Union Customs Code.
The new regulation brings up to date and clarifies the so-called Modernised Customs Code established by Regulation 450/2008 and subsequently modified.
The changes take account of the evolution of EU law and ensure that some of the original provisions are adapted in order to facilitate their application.
Essentially, the 100-page Code lays down the general rules and procedures applicable to goods brought into or taken out of the customs territory of the Union.
It covers concepts such as authorised economic operator (AEO), the Common Customs Tariff (CCT), origin of goods, customs debt, the customs status of goods, release for free circulation, and customs warehousing.
Also included are sections relating to free zones, inward processing, the development of electronic systems, temporary admission and external and internal transit.
Regulation 952/2013 will come into effect at the end of this month and will then be applicable in all 28 Member States.