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Maco makes possible: clearance of solar panels

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Friday, September 16, 2016

Maco Customs Service has developed a unique concept, that offers the opportunity to clear solar panels without customs risk. Call us now on +31 475 425 800 and start using this concept! 

On December 2, 2013, the European Union imposed the final antidumping and anti-subsidy measures on Chinese solar panels, to prevent the dump of solar panels on the European market under the market price. Besides the imposition of Regulations 1238/2013 and 1239/2013, the Commission confirmed its Decision accepting the undertaking with Chinese solar panel exporters. These exporters can, under strict conditions, be exempted from antidumping and anti-subsidy duties. In its entirety an operation that is one of a kind in its size in the history of the European Union.

The imposition of these duties has had considerable consequences for the entire supply chain involved in the solar panel trade: transporters and warehouse keepers needed additional insurance because of the high value of solar panels; customs brokers and importers because of the fiscal risk. Not one party wanted and wants to carry the fiscal customs risk, thus often making the supplier take the fiscal responsibility.

The above has initiated large-scale fraud, in particular, tricking the origin of solar panels and manipulation of the minimum price. Not surprising, as a container with solar panels has an average value of € 100.000,- and the total of antidumping and anti-subsidy duties on solar panels with Chinese origin amounts to a maximum of 65%. In contrast, the import duties on solar panels with Vietnamese origin total 0%.

The European Anti-Fraud Office OLAF (Office Europeén De Lutte Anti-Fraude) has conducted major investigations in Europe. In the Far East, investigations are currently underway. Enormous additional tax assessments have been levied, of up to several million, that have caused bankruptcies of a wide variety of parties, such as importers, expeditors, and solar panel installers.

As tampering with the import of solar panels into the EU is committed at such a large scale, the customs clearance of these products brings an enormous risk for expeditors and, especially, customs brokers. Risk analysis (already an important aspect of customs agents' operations) has henceforth received a new dimension and dynamic. Many customs brokers choose not to clear any (more) solar panels because they do not want to burn their fingers.

From the start, Maco Customs Service has thoroughly analyzed the situation and developed a unique concept, which mitigates the customs risk and allows, at will, for the use of Limited Fiscal Representation. This concept has allowed Maco to become the most prominent player in customs brokerage, who can handle the customs clearance of solar panels for you in an optimal way, with mitigated customs risk.

Contact us for more information on +31 475 425 800 and start using this concept. 

 

 

 

 

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