EU Customs and Trade Contact Group Quiz

True (A)

Entry Summary Declaration (ENS)

<p>Entry Summary Declaration (ENS)</p> Signup and view all the answers

<p>Market Expansion (D)</p> Signup and view all the answers

<p>Entry Summary Declaration = Document submitted before goods arrive in the EU Temporary Storage = Initial placement of goods upon arrival in the EU Customs Declaration = Required for moving goods into the EU market Export Declaration = Document submitted for goods being exported</p> Signup and view all the answers

<p>True (A)</p> Signup and view all the answers

<p>Simplified declaration</p> Signup and view all the answers

<p>Special entries regarding additional documents (D)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Release approved.</p> Signup and view all the answers

<p>Raw materials imported for processing and then re-exported. (A)</p> Signup and view all the answers

<p>VAT</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>It helps countries use the same names and codes for products in international trade.</p> Signup and view all the answers

<p>Exporter’s name, address, and EORI number (A)</p> Signup and view all the answers

<p>Temporary Import</p> Signup and view all the answers

<p>Box 1 = Declaration type Box 37 = Requested customs procedure Box 30 = Location of goods Box 14 = Declarant's information</p> Signup and view all the answers

<p>True (A)</p> Signup and view all the answers

<p>Goods from Australia transiting through Rotterdam. (C)</p> Signup and view all the answers

<p>Customs Warehouse = Stored without duties or VAT Outward Processing = EU goods exported and then re-imported Temporary Export = Items sent out temporarily like artwork Combined Nomenclature = EU classification system with more details</p> Signup and view all the answers

<p>two</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Delivered At Place (D)</p> Signup and view all the answers

<p>TARBEL</p> Signup and view all the answers

<p>True (A)</p> Signup and view all the answers

<p>Simply receives the goods.</p> Signup and view all the answers

<p>loaded</p> Signup and view all the answers

<p>Delivers and unloads goods (D)</p> Signup and view all the answers

<p>DAP = Delivers goods to a specified location CFR = Pays for shipping to the destination port CIF = Pays for shipping and insurance FAS = Delivers goods beside the ship at the port</p> Signup and view all the answers

<p>True (A)</p> Signup and view all the answers

<p>Cost and Freight</p> Signup and view all the answers

<p>They have the same function and are interchangeable. (C)</p> Signup and view all the answers

<p>True (A)</p> Signup and view all the answers

<p>Cost of manufacturing, profit, transport costs</p> Signup and view all the answers

<p>FCA</p> Signup and view all the answers

<p>Sales commissions = Addition (+) Duties and taxes within EU = Reduction (-) Freight costs to EU border = Addition (+) Buying commission = Reduction (-)</p> Signup and view all the answers

<p>It is a flexible approach based on available data. (D)</p> Signup and view all the answers

<p>True (A)</p> Signup and view all the answers

<p>Sales commissions, packaging costs</p> Signup and view all the answers

<p>General category (A)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Binding Tariff Information (BTI)</p> Signup and view all the answers

<p>customs value</p> Signup and view all the answers

<p>Transaction Value of Imported Goods = The actual price paid for the goods during their sale for export. Transaction Value of Identical Goods = Price of identical goods imported at the same time.</p> Signup and view all the answers

<p>Meeting EU health and safety standards (B)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>To protect local industries from unfair competition.</p> Signup and view all the answers

A group where businesses and trade organizations meet with EU officials to talk about customs rules and their effect on EU businesses.

Making sure all EU countries follow customs rules in the same way.

Creating systems that work well together to make customs faster and cheaper.

Preventing differences between EU countries in their customs rules.

Adapting to new challenges like online scams, terrorism, and organized crime.

Keeping businesses involved in the development of customs policies.

A document submitted when goods enter the EU, giving information about the shipment.

A quick notification to customs when goods arrive in the EU and are stored temporarily.

Used when no identical goods are available, this method values similar goods with the same function and interchangeability.

Customs determines the value by looking at the price goods are sold for in the EU to unrelated buyers, subtracting costs like transport, profit margins, and taxes.

Calculates the value based on the cost of manufacturing the goods, plus profit and transport costs to the EU.

Used as a last resort when other methods fail, customs utilizes flexible and fair methods based on available data to estimate value.

Fees paid to sales agents for handling product sales.

Costs for containers, packaging materials, and labor used to prepare goods for shipment.

Expenses related to transporting goods from the seller's location to the EU border.

Goods or services provided by the buyer to assist in the production process.

Seller pays for delivery and insurance to the destination. Buyer assumes risks after goods are handed to the carrier. - Example: Similar to CPT, but includes insurance.

Seller delivers goods to a specified location. Buyer handles customs duties and import taxes. - Example: Seller delivers to the buyer's warehouse.

Seller delivers and unloads goods at the specified location. Buyer handles customs and import duties. - Example: Seller unloads goods at the buyer's dock.

Seller handles everything (transport, insurance, customs duties). Buyer simply receives the goods. - Example: Seller delivers fully cleared goods to the buyer's warehouse.

Seller delivers goods beside the ship at the port. Buyer loads goods onto the ship and pays for everything after. - Example: Seller delivers goods to the dock next to the ship.

Seller loads goods onto the ship at the port. Buyer covers costs and risks after loading. - Example: Seller ensures goods are safely on board.

Seller pays for shipping to the destination port. Buyer handles insurance and risks once goods are loaded. - Example: Seller arranges sea transport, but the buyer insures the goods

Seller pays for shipping and insurance to the destination port. Buyer takes over risks once goods are loaded. - Example: Similar to CFR, but includes insurance.

Allows goods to move through the EU or other countries without paying duties until the final destination.

Goods are stored without paying duties or VAT until they are moved.

Goods brought in temporarily (e.g., for exhibitions) with partial or no duties.

Goods leave the EU after temporary storage or processing.

Raw materials imported for processing and then re-exported without duties.

EU goods exported for processing and re-imported with reduced duties.

Items like artwork sent out temporarily (e.g., for exhibitions).

A worldwide system that helps countries use the same names and codes for products in international trade.

The EU's version of product classification that adds extra details to the worldwide system. It includes more specific information needed for trade within Europe.

A complete list of EU import taxes and rules.

Belgium's own set of customs rules that work alongside the EU systems. It includes specific requirements that only apply in Belgium.

Basic, unprocessed goods like ores or agricultural products.

Slightly processed goods, such as untreated wood or crude metals.

Intermediate goods used for further manufacturing, like steel sheets or fabric.

Fully manufactured goods ready for consumption, such as cars or clothing.

A standardized EU document used for declaring goods moving across borders, containing essential information for customs.

A specific code used in Box 44 of the customs declaration to indicate additional requirements like permits or certificates needed for importing or exporting goods.

A system used by customs to classify goods based on their characteristics, which determines their tariff codes and potential duties.

A customs declaration status assigned to goods that have been approved for release without additional checks.

A customs declaration status assigned to goods that require further document or physical checks before release.

A process where customs officials can take samples of imported or exported goods to verify their nature or origin.

A set of procedures implemented when customs systems face outages or technical problems, ensuring the continuity of declaration processing.

The process of validating customs declarations to ensure accuracy and compliance with regulations, leading to the assignment of a status to the goods.

A system used to classify traded goods using a numerical code. It's a global standard, but the EU uses a 10-digit version called TARIC.

The first four digits of an HS code representing a broad product category. For example, code 10 begins with '10', indicating edible grains.

The next two digits in an HS code that provide more specific details about the product within its category. For example, code 1001 refers to wheat.

The last four digits of an HS code used by the European Union (EU) to include tariffs and trade measures. It follows the first six digits of the HS Code.

A service provided by Customs authorities to companies where they receive a legally binding decision on how their goods should be classified under the Harmonized System (HS) codes.

An unfair trade practice where a company exports a product at a lower price to a foreign country than its own domestic market, sometimes even below production cost.

A tool used by governments to protect their domestic industries from unfair competition from imports. They increase prices of imported goods, encouraging buyers to purchase domestic products.

A system that restricts the amount of specific goods imported into a country. It can be preferential, meaning some countries receive special treatment with lower duties on a limited quantity.

A record kept in Box 39 of a customs declaration. It refers to the quota numbers associated with the imported goods under a quota system.

Measures implemented to ensure imported goods meet EU health and safety standards, often through inspections and certifications.

The total value of goods declared to customs when importing into the EU. It includes the price of goods, transportation, insurance, and other charges.

The actual price paid for goods during their sale for export to the EU. It's the most common method to determine customs value.

A valuation method used when the exact price of imported goods is not available. It uses the price of identical products imported at the same time.