The Union Customs Code (UCC) will enter into force in 28 EU member states with effect from 1 May 2016. Under current customs regulations, the customs value of imported goods is the same as their transaction value.
The expectation is that this will not apply in the new legislation to be introduced and that all royalties and licence fees (including those from previous contracts) will be included in this value too. The exception under which royalties relating to trademark use are not included will no longer apply either. As such, the new regulations could mean that the customs value of the goods to be imported becomes significantly higher. In some cases, this could be avoided by making amendments to the licensing contract. If you are responsible for any import-related costs, this is an issue that you will need to keep an eye on.