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

AEO, Border Security, cross border, Customs, Customs Brokers, Customs Clearance, Customs Declaration Agents, Customs Declarations, HS codes, Import Export, Tariffs

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…

UK exchequer may have lost up to £30bn of VAT via non-declarations

Brexit, cross border, Customs, Customs Clearance, Customs Declarations, Import Export, trade, United Kingdom

There could be upwards of 100 million customs declarations not made post-implementation, according to head of international trade and customs at Fujitsu, Frank Dunsmuir. Fujitsu hosts the CHIEF customs declaration system. He told The Loadstar that “easily around £30bn” of VAT had been lost due to HMRC’s six-month (175-day) delay on declarations for goods imported between 1…

Director of freight company fined S$105,000 for offences, including evading GST

Asean, Custom Fines, Customs, Customs Clearance, Customs Declarations, Singapore

  SINGAPORE: A freight forwarding company director was fined S$105,000 last week for fraudulently evading the payment of Goods and Services Tax (GST), as well as for abetting a consignee to furnish false information to Singapore Customs. Tang Yong Hoe, 43, is the sole director of I-Do Logistics, Singapore Customs said in a news release…

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

All News, Customs Brokers, Customs Clearance, Customs Declaration Agents, Customs Declarations, HS codes, Tariffs

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

All News, Asia, Customs Clearance, Customs Declaration Agents, Customs Declarations

‘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…

Company Incurs $6 Million Penalty for Export of Controlled Software and Technical Data

Customs, Customs Declarations, Defense, Import Export, International Business, Latest, Tariffs, Technology, United States

21 September 2021 – A recent export enforcement case describes a common compliance challenge faced by many U.S. companies. In this case,[1] a California company manufactured electronic test and measurement equipment for both commercial and government customers. The company failed to identify that one of its software products was listed on the U.S. Munitions List and…

Customs finds cabinet importers evaded Chinese duties by transshipping through Malaysia

China, Customs, Customs Declarations, Import Export, Indonesia, Latest, Malaysia, Tariffs, United States, Vietnam

21 September 2021 – U.S. Customs and Border Protection has found that a group of cabinet importers is evading antidumping and countervailing duty orders on Chinese products by transshipping them through Malaysia. The story begins in April 2020, when the Kitchen Cabinet Manufacturers Association won one of the largest anti-dumping cases ever brought against China. The ITC unanimously found…

How to import from China to UK

All News, Brexit, China, Customs, Customs Brokers, Customs Clearance, Customs Declaration Agents, Customs Declarations, Import Export, International Business, Latest, Logistics, Tariffs, United Kingdom

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

Brexit, COVID-19, Customs, Customs Brokers, Customs Circulars, Customs Clearance, Customs Declaration Agents, Customs Declarations, European Union, Freight Forwarders, Import Export, International Business, Latest, Logistics, Pandemic, Tariffs, United Kingdom

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…

Company director fined S$50,000 for evading GST on imports of flashlights

All News, Customs, Customs Clearance, Customs Declarations, Import Export, Latest, Singapore, Tariffs

10 September 2021 – SINGAPORE A company director has been fined S$50,000 for evading Goods and Services Tax (GST) on shipments of LED flashlights and other accessories, Singapore Customs said on Friday (Sep 10). Kong Ming Jie, 36, incorrectly declared the value of goods in the shipments. He also failed to retain documents relating to the imports,…