Israel: Is COVID-19 expected more than a war? The increase in customs value in Israel, due to the COVID-19 increase in transport prices - the problem, and the solution.

Wagner, Omer (2021): Israel: Is COVID-19 expected more than a war? The increase in customs value in Israel, due to the COVID-19 increase in transport prices - the problem, and the solution. Published in: International Journal of Management and Humanities (IJMH) , Vol. 11, No. 5 (August 2021): pp. 20-23.

Abstract

Sea freight prices have risen sharply, due to the COVID-19 crisis, global shortages of ships, declining competition in the field, and containers of contagious demand. The increase in transportation costs leads to the increase in the value of goods for customs purposes, and to a further collection of customs duties. The Israeli law allows the state to facilitate importers and waive the extra customs duties, and similar and other facilitations have been made in the past. Therefore, all that is required is the flexibility and activation of goodwill on the part of the state, when interpreting the law.

• Item Type: MPRA Paper
• Language: English
• Keywords: customs,valuation,transport,COVID19,Israel
• Subjects: F - International Economics > F1 - Trade > F13 - Trade Policy ; International Trade Organizations; G - Financial Economics > G3 - Corporate Finance and Governance > G38 - Government Policy and Regulation; H - Public Economics > H2 - Taxation, Subsidies, and Revenue; H - Public Economics > H2 - Taxation, Subsidies, and Revenue > H29 - Other; R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R4 - Transportation Economics; R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R4 - Transportation Economics > R49 - Other

References

1.https://www.ynet.co.il/economy/article/rJrNcwAcd

2.Section 132 (a) of the Israeli Customs Ordinance [new version]

3.Section 133 of the Israeli Customs Ordinance [new version]

4.Section 133 (a)(5)(a) of the Israeli Customs Ordinance [new version]

5.Subsection 133 (a)(5)(c) of the Israeli Customs Ordinance [new version]

6.https://iccwbo.org/resources-for-business/incoterms-rules/incoterms-2020/

7.Customs Valuation Agreement (Implementation of Article VII of the GATT) – https://www.wto.org/english/res_e/publications_e/ai17_e/cusval_e.htm

8.Section 8.2 of the Customs Valuation Agreement

9.https://www.customs.gov.sg/businesses/valuation-duties-taxes-fees/establishing-customs-value-for-imports

10.World Customs Organization (WCO) Guide to Customs Valuation and Transfer Pricing, New Edition, 2018- http://www.wcoomd.org/-/media/wco/public/global/pdf/topics/key-issues/revenue-package/wco-guide-to-customs-valuation-and-transfer-pricing.pdf?la=en

11.United states Tariff act of 1930, 19. U.S.C. §1401 a(b)(1) https://uscode.house.gov/view.xhtml?path=/prelim@title19/chapter4&edition=prelim

12.United states Tariff act of 1930, 19. U.S.C. §1401 a(b)(3)

13.Australian Customs Act of 1901, section 159(1) https://www.legislation.gov.au/Details/C2020C00272

14.Australian Customs Act of 1901, Section 159(2)

15.Australian Customs Act of 1901, Section 161(1)

16.Australian Customs Act of 1901, Section 154

17.Australian Government, Department of Immigration and Border Protection- Instructions and Guidelines- Customs Valuation, September 2011- https://www.abf.gov.au/help-and-support-subsite/files/instructions-guidelines-customs-valuation.pdf

18.Schedule 4 of the New Zealand Customs and Excise act of 2018, Part 1, method 1, section 4(1). https://www.legislation.govt.nz/act/public/2018/0004/latest/DLM7040110.html?search=qs_act%40bill%40regulation%40deemedreg_Customs+and+Excise+Act+2018_resel_25_h&p=1

19.Schedule 4 of the New Zealand Customs and Excise act of 2018, Part 1, method 1, section 7

20.Schedule 4 of the New Zealand Customs and Excise act of 2018, Part 1, method 1, section 7(c) See also the NZ customs valuation guide from 2018- https://www.customs.govt.nz/globalassets/documents/guides/guide-apply-customs-valuation-ruling-on-imported-goods.pdf

21.Section 133 (a)(5) of the Israeli Customs Ordinance

22.https://www.chamber.org.il/foreigntrade/1109/1111/116962/

23.Israeli judgement: Hdlt (Tel-Aviv) 26076-02-20 Adv. Israel Bachar vs. comfortability systems (2007) Ltd. (July 8th, 2020)