Tag Archive for: UCC

What is ICS2.0 all about?

An EU Strategy and Action Plan for Customs Risk Management was adopted mid-2014. It identified the actions to reach more coherent, effective and cost-efficient EU customs risk management at the external border of the EU. The risk management strategy pointed out seven priority areas, impacting IT, legal and procedural aspects. They should be achieved within the timeframe of the implementation of the Union Customs Code. Therefore, two areas have been identified as the first operational priorities. The first one is the need for high-quality data on supply chain movements and also its proper availability and communication. The second – risk-relevant information-sharing including control results.
The Union Customs Code together with its Implementing and Delegating Acts have introduced new legal obligations which necessitates ICS2.0. Read more

Implementation and aims of Union Customs Code (UCC)

The adoption of the UCC in 2013 and its entry into force in 2016 was forced by the modernization of the EU customs and trade sector. It regulates uniform administration of customs duties and other import taxes in the EU Member States. Furthermore, this ensures the application of other related international trade regulatory measures towards the third countries that are trading with the European Union. Read more