What is Anti Dumping Duty?
There is a type of customs duty that that causes particular concern and confusion – Anti Dumping Duty.
Recently, authorities have increased investigations to recover Anti-Dumping Duties (ADD) retrospectively, with most conducted by the European Anti-Fraud Office (OLAF).
The EU imposes Anti-Dumping Duties (ADD) as an additional charge when it determines that goods are imported at below a fair market rate. Very often the rates of duty are between 30-50% of the declared amount and so the sums claimed retrospectively can be considerable.
Anti-dumping duties are often evaded. This is done by either miss-declaring the goods on arrival into the EU or taking steps to conceal the true origin. For example, by unloading on route in Taiwan from China and then declaring on arrival in the EU as Taiwan origin.
Whilst nearly all regular importers would consider paying the correct rate of duty at import the right thing to do we would urge commodity codes used especially are double checked for accuracy. HMRC’s powers of investigation are considerable and aside from having to pay additional duty going back years, plus interest plus a civil penalty it would also mean customs entries coming under closer scrutiny which then results in delays with clearance.
HMRC’s antidumping duty notices can be found on the web at www.gov.uk/government/collections/anti-dumping-duty-measures.
How we can help
Whether dealing with cargo by sea or air freight services, you can leverage the expertise of international freight forwarders. Implementing advanced technology solutions will equip you to meet the challenges of international shipping head-on. Embrace these strategies to enhance your shipping processes and drive success in the dynamic world of global logistics. With 35 years in business, K&L Freight can provide you with up to date guidance on the industry and cost – effective solutions for your international freight needs.
If you have any concerns regarding customs classifications we are here to help – please either call us on 01606 331103 or mail antony@klfreight.com
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