Are you among the many companies that have claimed CETA benefits following the implementation of the Canada-European Union Comprehensive Economic and Trade Agreement (CETA) last September?
If the answer is yes, you are certain to receive a CETA Verification Audit by either the Canada Border Services Agency (CBSA) or the European Union (EU), based on whether you were the importer or exporter in the transaction. You also need to know that Origin verifications under CETA are conducted by Customs in the exporter’s country, i.e. the EU conducts origin verifications of EU exporters and the CBSA conducts verifications of Canadian exporters.
The auditing process is expected to promote more fairness. It also assures that any origin disputes will be heard in the exporter’s home country rather than being determined by foreign laws and courts.
For more information, contact Brian Rowe, Director – Customs Compliance & Regulatory Affairs.