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- Trend snippet: Customs import fraud resulted in financial losses of at least EUR 5.5 billion to the EU budget between 2016 and 2019
Trends in Security Information
The HSD Trendmonitor is designed to provide access to relevant content on various subjects in the safety and security domain, to identify relevant developments and to connect knowledge and organisations. The safety and security domain encompasses a vast number of subjects. Four relevant taxonomies (type of threat or opportunity, victim, source of threat and domain of application) have been constructed in order to visualize all of these subjects. The taxonomies and related category descriptions have been carefully composed according to other taxonomies, European and international standards and our own expertise.
In order to identify safety and security related trends, relevant reports and HSD news articles are continuously scanned, analysed and classified by hand according to the four taxonomies. This results in a wide array of observations, which we call ‘Trend Snippets’. Multiple Trend Snippets combined can provide insights into safety and security trends. The size of the circles shows the relative weight of the topic, the filters can be used to further select the most relevant content for you. If you have an addition, question or remark, drop us a line at info@securitydelta.nl.
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Customs import fraud resulted in financial losses of at least EUR 5.5 billion to the EU budget between 2016 and 2019
Customs import fraud Customs import fraud resulted in financial losses of at least EUR 5.5 billion to the EU budget between 2016 and 2019. The evasion of duties on goods imported into the EU negatively affects the financial interests of the EU and threaten legitimate companies operating in the Member States. Dumping practices create unfair competition to legitimate businesses and their products and market distortion. Customs import fraud involves the false declaration of the value and origin of goods, and of the classification that applies to them. This type of fraud can be perpetrated by: • undervaluing imported goods on import declarations, often using fraudulent documents; • incorrectly clarifying products imported to the EU by falsely declaring the category of goods according to the integrated Tariff of the European Union or TARIC code in order to pay a lower duty rate; • falsely declaring the origin of goods to circumvent anti-dumping duties imposed by the EU on a particular product from a specific country; • dumping products on the EU market at a lower price than the normal value of the product. The normal value is either the product price as sold on the home market of the non-EU company, or a price based on the cost of production and profit(35). Criminals carrying out customs import fraud quickly adapt to customs controls at the entry points of the EU and often have good knowledge of the Union Customs Code and the relevant regulatory amendments.