The Republic of Moldova will implement the EU rules on the declaration and control of the customs value of goods, IPN reports, quoting the relevant regulations approved by the Government.

Under the regulations, the business entities can use the given goods on condition that they afterward present conclusive documents to confirm the customs value of imported goods and deposit a sum that will cover the difference between the import duties deriving from the declared customs value and the value set provisionally by the customs bodies.

The regulations clearly define the actions of the customs bodies and business entities when the customs value of imported goods is declared.

A study carried out by the Customs Service revealed that the real value of the goods is hidden mainly when the value of transactions is of over 100,000 lei (about €5,000). Thus, under the regulations, submitting a statement on the customs value of the goods (DV-1) worth less will not be mandatory. Now the lower limit is €300.