The European Union is set to discontinue the customs duty exemption for parcels with a low declared value. This change will affect goods entering the EU, particularly those from e-commerce platforms that currently benefit from this exemption.
For freight forwarders and shippers, this policy shift means that all parcels, regardless of their value, will be subject to customs duties upon import into the EU. This will likely lead to increased operational complexities, as more shipments will require duty calculations and payment. It could also result in higher landed costs for consumers, potentially impacting the competitiveness of certain e-commerce goods. Forwarders will need to adapt their processes to handle the additional customs declarations and duty collection, which may involve new software solutions or increased manual effort. This could also lead to delays at customs for parcels that previously cleared without duty assessment.
