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 hands over national trade repository to Vietnam

Asean, cross border, Customs, Economic News, Import Export, International Business, trade, United Kingdom

  Hanoi (VNA) – The British Government handed over the Vietnam national trade repository (VNTR) to the Vietnamese side at a ceremony on July 13. The project was launched in 2020 under a letter of intention signed by the Vietnamese Ministry of Industry and Trade (MoIT) and the British Department of International Trade, in which the British side provided technical assistance for Vietnam.…

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…

Russia’s invasion of Ukraine leaves global trade in tatters

All News, cross border, Customs, Europe, European Union, Import Export, International Business, Russia, trade, Ukarine, Ukraine

MIAMI (AP) — Sanctions on Russia are starting to wreak havoc on global trade, with potentially devastating consequences for energy and grain importers while also generating ripple effects across a world still struggling with pandemic-induced supply chain disruptions. Since Russia’s invasion of Ukraine, hundreds of tankers and bulk carriers have been diverted away from the Black Sea, while…

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…