Trade Alert! EU Changes CN Import Codes for E-Bikes
BRUSSEL, Belgium – Under the European Union’s CN codes all imports into the European Union are tracked while all import, dumping and circumvention duties are linked to these codes. As of January 1 of this year, the CN codes for e-bikes and speed e-bikes/speed pedelecs changed. Entering the wrong CN code can have far reaching consequences. It not only impacts fiscal matters such as customs duties, also bans and restrictions, import/export licensing and permit requirements, documentation requirements, and the obligation to report certain measures.