Legal Approximation Relating to the Customs and Finance Guard
Legal Approximation Relating to the Customs and Finance Guard
The New Customs Act
As a result of an amendment thereto coming in effect on 1 July 2000, Act C of 1995 is almost fully in compliance with EU’s expectations and international requirements. The Customs and Finance Guard’s National Headquarters has established a separate committee to harmonize the legal material of Hungary’s Customs Act in force and the European Union’s Customs Code. The committee develops proposals that provide assistance to the legislators.
As a result of their proposals, the following new legal institutions have been implemented:
• Customs procedures with economic effect;
• Simplified procedures;
• Binding tariff information (BTI);
• Binding origin information (BOI).
