The course provides an overview of the development of current international customs rules.
Due to market globalisation, there has been significant increase in world trade. The increase in international trade and commerce has caused companies and tax advisers to pay greater attention to the international customs legislation for their tax planning activities. The course provides an overview of the development of current international customs rules. Emphasis is placed on the most relevant rules which are aimed at reducing the burden of customs duty globally and achieving efficiency of imports and exports through simplified customs procedures. Special focus is also placed on the harmonised EC legislation. Also this course has a rather narrow and technical scope. It was included only recently in the Program as most students in their later career will encounter issues from this area and basic knowledge of this otherwise inaccessible area is quite useful.