The Significance and Detailed Process of Selecting the Correct HS Code for Cross-Border Shipments

Introduction   Cross-border trade has witnessed remarkable growth in recent years, with businesses increasingly expanding their operations to international markets. Among the various factors that contribute to successful cross-border shipments, the accurate classification of goods holds paramount importance.   The Harmonized System (HS) code, a universally accepted system for classifying goods, plays a crucial role…

PSA to acquire US supply chain company BDP International – Commentary

On the face of it, combining port operations and logistics operations makes perfect sense as it links the first mile and last mile of a container journey. With the application of the right technology, it could improve the customer experience, allow for easier monitoring of shipments, and ease the compliance burden. The challenge of operating…

The 2022 edition of the Harmonized System Nomenclature is now available online. What’s new?

As of 18 November 2021, the online version of the 2022 edition of the Harmonized System Nomenclature is available through the WCO Website to all HS users.  The HS 2022 edition, as the world’s global standard for classifying goods in international trade, will enter into force on 1 January 2022. Used by over 200 countries and…

How to import from China to UK

20 September 2021 – China is the joint number one territory that Britain imports from, accounting for 12% of imports. Here is what you need to do if you want to import from China For the UK, the desire to import goods from China is vast. China was the joint-first biggest single country that the…

UK government to blame for Brexit delays, says logistics sector

20 September 2021 – It is UK government “unreadiness” that is the source of further delays to Brexit customs procedure implementation, while associations, brokers, forwarders, ports, and retailers are “ready”. Last week the UK government announced that it would further delay the implementation of export health certificates, phytosanitary (SPS) certificates and safety and security declarations…

HOW THE CONTAINER SHIPPING PROCESS WORKS (CANADA)

16 August 2021 – A Comprehensive Guide On The Working Process Of Container Shipping In Canada Canadian imports and exports are heavily reliant on container shipping. With this mechanism in place, individuals and businesses that are into eCommerce can move goods from Canada to other countries across the globe, and vice-versa. Venturing into this industry…

New procedure code for customs declarations to make goods movements through smaller ports quicker

05 August 2021 – A new ‘customs procedure code’ will facilitate the faster movement of goods through smaller ports, an international trade and customs expert has said. Customs procedure codes (CPCs) are entered onto customs declarations to identify the customs and/or excise regimes which goods are being entered into and removed from (where this applies).…

Customs Declaration Service to become UK’s single customs platform

03 August 2021 – HM Revenue and Customs (HMRC) has today announced that the Customs Declaration Service (CDS), a system founded on world-leading technology, will serve as the UK’s single customs platform from 31 March 2023. HMRC will be closing its Customs Handling of Import and Export Freight (CHIEF) system on 31 March 2023. Hence, from…

Government warns firms to prepare for EU trade rule changes – including supplementary declarations

13 July 2021 – The government is encouraging UK businesses to prepare for rule changes for trade with the EU which will come into effect across the next six months. HMRC has today (12 July) written to more than 160,000 VAT-registered businesses explaining the measures firms must take to continue trading with the counterparts on the continent.…

Customs broker licence fees waived till 2023

12 July 2021 – Customs broker licence fees waived till 2023 The largest sources of customs and excise revenue were vehicles and machinery (accounting for 43.5 per cent), petroleum and energy (22.8 per cent), construction materials and miscellaneous fees (6.3 per cent) and other products (27.4 per cent), according to the department. Hin Pisei The…