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Key HMRC Tariff Updates: Zimbabwe Currency Code, Phytosanitary Group, and Tariff Preferences for Chile, Singapore, and Vietnam
AI Summary ✨ Zimbabwe Currency Code Update: From 1st June 2024, the currency code for Zimbabwe will change from ZWL to ZIG. CDS will not support this change until July 2024, requiring manual conversion to GBP for declarations. Phytosanitary Group Update: Adjustments in geographical area group memberships for the 4020 – Phytosanitary Group 00 have…
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HMRC Announces New Commodity Codes to Align with EU – Update May 2024
AI Summary ✨ 1. New Commodity Code Introduced: HMRC has introduced a new commodity code 7304312095 as of 17 May 2024.2. Further Additions: Additional commodity codes 2912410010, 2912410090, 2912420010, and 2912420090 have been created as of 24 May 2024.3. Dynamic Alignment with the EU: These updates ensure the UK’s tariff structure maintains dynamic alignment with…
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UK Tariff Update: Import Control of Timber Products and Simplified Procedure Value Changes
AI Summary ✨ New DEFRA Footnote for Timber Products: Effective 24 May 2024, DEFRA introduces Footnote CD773 for timber products from Indonesia under the FLEGT licensing scheme. Certificate Requirement: Certificate C690 is now mandatory for Indonesian timber imports directly into the UK, with specified exemptions. Exemptions Explained: Timber products not covered by the UK/Indonesia FLEGT…
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