Israel: Is COVID-19 expected more than a war? The increase in customs value in Israel, due to the COVID-19 increase in transport prices - the problem, and the solution

Omer Wagner

MPRA Paper from University Library of Munich, Germany

Abstract: Sea freight prices have risen sharply, due to the COVID-19 crisis, global shortages of ships, declining competition in the field, and containers of contagious demand. The increase in transportation costs leads to the increase in the value of goods for customs purposes, and to a further collection of customs duties. The Israeli law allows the state to facilitate importers and waive the extra customs duties, and similar and other facilitations have been made in the past. Therefore, all that is required is the flexibility and activation of goodwill on the part of the state, when interpreting the law.

Keywords: customs; valuation; transport; COVID19; Israel (search for similar items in EconPapers)
JEL-codes: F13 G38 H2 H29 R4 R49 (search for similar items in EconPapers)
Date: 2021-07-17, Revised 2021-08-05
New Economics Papers: this item is included in nep-isf and nep-tre
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Published in International Journal of Management and Humanities (IJMH) 5.11(2021): pp. 20-23

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