The European Commission, in a notice to importers concerning the EU GSP (generalized scheme of preferences), informed EU businesses that the REX system would be applied starting from 1 July 2018 by those GSP beneficiary countries that had systematically applied REX as from 1 January 2017.
Effective 1 July 2018, "statements of origin" produced by registered exporters in those exporting countries or territories benefiting from the GSP treatment, or those produced by any exporter in those countries or territories, may only be used to certify the preferential origin of goods when the total value of originating goods dispatched does not exceed €6,000.
GSP preferences will be refused if Form A certificates issued after 1 July 2018 are presented as proof of GSP preferential origin. Invoice declarations made for consignments containing originating products with a total value not exceeding €6,000 will also be refused.
Read a July 2018 report prepared by the KPMG member firm in Romania
For more information on this topic or to learn more about KPMG’s Trade & Customs Services, contact:
Partner, Global Practice Leader
Partner, National Practice Leader
John L. McLoughlin
Principal, East Coast Leader
Luis (Lou) Abad
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