The EU is moving towards new customs reforms targeting e-commerce and will shoppers buying customs for less than 150 euros for the first time.
Exemption of goods under 150 euros of charges is exploited by fraudsters, The European Commission interpreted new customs reforms.
The European Commission explained that up to 65% of customs below 150 euros are valued at less than their price to avoid paying tariffs when they are introduced into the bloc’s countries.
New customs reforms are expected to raise EU customs revenues by about 1 billion euros a year, The European Commission said.
The EU’s new customs rules will affect major e-commerce companies, and they will also be barred from levying veiled duties on their customers or unexpected paperwork when packages arrive at them.
Reforms also include the payment of customs duties and VAT at the initial procurement stage.
The European Parliament, the Council of the European Union, and the Economic and Social Commission will receive new reforms for consultation and consensus.
The head of the foreign policy of the European Union, Josep Borrell, urged the bloc countries to take a firm stance against India, on reselling Russian oil as a refined fuel to Europe.
« We must act. if diesel and gasoline enter Europe from India after being produced from Russian oil, this certainly circumvents sanctions and Member States must take appropriate action « . Borrell told the Financial Times.
India has been a leading customer for Russian oil since Russia invaded Ukraine in February 2022.
Borrell also called on EU members to take measures against those buying oil from India.
The EU has taken no action to counter India’s sale of Russian oil to Europe.