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…

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…

Too may approvals for customs clearance a barrier to trade

‘Too many approvals for customs clearance a barrier to trade’ According to country’s first Bangladesh Business Climate Index Approvals from some 39 government agencies are required for customs clearance of any product at Chattogram port, which is a major barrier to trade, according to the Bangladesh Business Climate Index (BBX). And the port faces severe…

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…

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…

Making Sense of the New Automotive Customs Rules

02 August 2021 – Legal experts lay out the best compliance practices for importers of record. The U.S. Customs & Border Protection has had quite a year, with the USMCA replacing NAFTA, COVID upending its operations and intense scrutiny for immigration policies at the U.S. border. Last spring, President Joe Biden announced his intent to…

HMRC survey of Chinese cross-border sellers highlights need for quality data

30 July 2021 – According to a new report, cross-border e-commerce merchants in China largely depend on marketplaces and third-party agents to manage their compliance. The UK’s HM Revenue & Customs (HMRC) recently commissioned in-depth interviews with 30 Chinese online sellers for a report titled Knowledge and Attitudes of Online Sellers in China to UK Tax…

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.…