Reassessment of Import Charges

If import charges were not correctly determined at the time of customs clearance, you will receive a letter from the Iceland Revenue and Customs notifying you of a proposed reassessment.

Common reasons include:

• incorrect tariff classification

• incorrect country of origin

• discrepancies between the declared quantity or number of units and the commercial invoice

The process

You receive a notification

The letter will explain:

• the reason for the reassessment; and

• the deadline for submitting comments.

You may object

If you disagree with the proposed reassessment, you may submit comments and supporting documentation, such as:

• information from the manufacturer; or

• photographs or product descriptions.

If you do not respond within the specified deadline, the import charges will be reassessed based on the available information.

Time limits and costs

General time limit

Where all relevant information was available at the time of customs clearance, the reassessment must be completed within 60 days of the release of the goods.

Extended time limit – up to six years

The reassessment period may be extended to up to six years from the customs clearance date if:

• information was missing or incorrect;

• you knew, or should reasonably have known, the correct treatment of the goods; or

• the goods were cleared under a simplified customs procedure (SMT clearance).

Time limit for temporary imports

Where goods were imported temporarily and later declared for permanent importation, the reassessment period is 60 days from the date on which the charges were determined.

Interest

If the reassessment results in higher import charges:

• default interest will be charged from the customs clearance date; however,

• interest may be applied for a maximum period of two years retrospectively.

If you wish to appeal

You may appeal the decision. .