EU Issues New Rules Affecting Imported Parcels
The European Union has introduced new customs rules that will affect millions of imported parcels entering its market. The decision was approved by the Council of the European Union and marks a major change in how small online purchases from outside the EU are handled. For many years, parcels valued at less than 150 euros were exempt from customs duties when entering the EU. This made it easier and cheaper for consumers to order low-cost goods from international sellers. However, starting July 1, that exemption will end. A flat-rate customs duty of 3 euros will apply to each different item…