Authorised economic operator Authorised economic operator Regular importers and logistics businesses are increasingly aware of the benefits of registration as an “authorised economic operator” under EU- harmonised rules. Authorisation will be granted to businesses who have shown themselves to be reliable from the financial, record keeping and, as relevant, technicalRead More →
Appropriate customs authorities Upon application by an importer, the appropriate customs authorities must issue binding tariff information (BTI). Any BTI issued by a Member State binds the cus- toms authorities of all Member States if the holder requests its application and the imported goods are identical in every respect withRead More →
Macroeconomic context of Germany The GDP in Germany increased by 2.7% in 2013 compared to 2012. The GDP per capita amounted to € 34,219 in 2013 and has witnessed an increase since the last four years; also the export earnings have been increasing as well The private consumption expenditure inRead More →
Analytical support for the FSC is provided predominantly by the Bundesbank Analytical framework: Analytical support for the FSC is provided predominantly by the Bundesbank. The FSA specifically tasks the Bundesbank with analysing factors that are important to financial stability and identifying risks which may impair financial stability. The Bundesbank isRead More →
Customs duty purposes under the Harmonised System Goods are classified for customs duty purposes under the Harmonised System and the TARIC (integrated customs tariff of the European Union) nomen- clature, and the valuation principles follow the internationally recognized customs code. The basis for assessing duties is usually the supplier’s invoiceRead More →
Customs duties Customs tariff Germany, like the other EU Member States, applies the “Com- mon Customs Tariff of the EU” (CCT), which is the basic law for the classifcation of goods. The first six digits of the classifcation code numbers are based on the Harmonized System (so far adopted byRead More →
FSA contains a “comply or explain” framework The FSC also does not have the power to direct the addressees of its recommendations; instead, the FSA contains a “comply or explain” framework whereby the addressee of a recommendation is required to notify the FSC within a reasonable period of time aboutRead More →
Customs duties are the main duties Import duties Customs duties are the main duties effectively increasing the price of foreign goods over that of domestic or EU products. German customs duties are all based on value and are levied at rates dependent on the type of goods and on theRead More →
Protective customs duties In contrast to these customs duties, protective customs duties are becoming increasingly important. Trade policy instruments in the form of import permits, quantitative restrictions, and anti-dumping duties are used to direct the fow of goods and to protect local economies. Customs duties are used as a controlRead More →
FSC itself does not ‘own’ any prudential instruments Tools: Although the FSC itself does not ‘own’ any prudential instruments to support its mandate, the institutions represented in it have comprehensive regulatory and supervisory powers that can be deployed, taking due account of discussions within the FSC. Certain types of non-prudentialRead More →
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