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EU ADOPTS CUSTOMS REGULATION ON IN-BOND TRANSIT SHIPMENTS

EU ADOPTS CUSTOMS REGULATION ON IN-BOND TRANSIT SHIPMENTS

   The European Council of Ministers and the European Parliament have jointly
adopted a regulation that modifies existing Customs rules concerning in-bond transit
shipments in the EU.

   The regulation clarifies the responsibilities of operators and customs
administrations for goods in transit, for which a new legal regime will be defined.

   After consulting the industry, implementation rules on transit goods will
be adopted by the end of the year, the European Commission said.