Commercial Information Circulars

24-hour hotline : 23 922 922

e-mail address : enquiry@tid.gov.hk

Ref. : EIC 230/3

17 April 2024

Dear Sirs,

Commercial Information Circular No. 295/2024

European Union (EU)* : Amendments to the Union Customs Code

Further to the Commercial Information Circular No. 164/2023 of 27 February 2023, the European Commission has adopted two Regulations which were published on 15 April 2024 to amend two regulations for implementing Regulation (EU) No. 952/2013 which lays down the Union Customs Code.

2.Amendments were made to Delegated Regulation (EU) 2015/2446 and Implementing Regulation (EU) 2015/2447 in order to introduce decisions relating to binding valuation information in the customs legislation and lay down relevant procedural rules, including introducing an electronic system for exchange and storage of binding origin and valuation information. Details are set out in the adopted Delegated Regulation (EU) 2024/1072 and Implementing Regulation (EU) 2024/1071 which can be accessed through the following links: https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=OJ:L_202401072 and https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=OJ:L_202401071. The adopted Regulations will enter into force on 5 May 2024 and shall apply from 1 December 2027.

3.For enquiries concerning the content of this circular, please contact the undersigned at 2398 5684.

Yours faithfully,

(Ms Tracy MAK)
for Director-General of Trade and Industry

* The EU comprises 27 member countries, namely, Austria, Belgium, Bulgaria, Croatia, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden.