22nd October 2020 – MIRI: The enforcement of rules and regulations by certain government agencies here as well as those enforced by Brunei are not intended to restrict the delivery of essential items. According to Minister of Transport Datuk Lee Kim Shin, these rules and regulations were to ensure that the Covid-19 pandemic is well…
Details21st October 2020 – A botched digitalisation programme has caused long customs clearance delays in India, exacerbating the country’s container shortage crisis. The ‘faceless assessment’ initiative has been rolled out at ports across India since June, to implement contactless and paperless customs clearance. However, according to the Mundra Custom Brokers’ Association (MCBA), clearance times have…
Details21st October 2020 – Guangzhou has historically been one of China’s leading foreign trade centres. Even in the e-commerce era, Guangzhou still retains certain trading advantages. From January to July 2020, the volume of import and export passing through the customs cross-border e-commerce management platform in Guangzhou reached RMB 20.87 billion, ranking first in the…
Details21st October 2020 Container shipping lines are using their online platforms to shift shippers away from freight forwarders and move them into a direct relationship with the carrier, according to freight forwarding sources in Europe and India. The reports from freight forwarders claim that COSCO, CMA CGM, Maersk and Hapag-Lloyd are all looking to gain…
Details21st October 2020 – Customs clearance delays at Indian ports have increased to almost a month now. Industry sources blame poor roll out of the faceless assessment system and lack of quick resolution by authorities for the crisis. Some products are in short supply because of the delay in customs clearance, said Ritesh Ghosal, CMO…
Details7th October 2020 – Sisi orders shortening customs clearance time, simplifying procedures President Abdel Fattah El Sisi has ordered the customs development strategy to be focusing on the governance of Egypt’s exports and imports, in addition to simplifying customs clearance procedures and shortening their time. Sisi issued his directives on Tuesday 6/10/2020 at a meeting…
Details5th October 2020 – Georgia’s economic policy is oriented toward free, fair, inclusive and sustainable development, resulting in effective public services, open and fair market competition, the protection of property and intellectual rights, and freedom of access to a free judiciary. The country’s strategic location at the crossroads between Europe and Asia gives Georgia many…
Details4th October 2020 – Figures released by Dubai Customs showed that customs transactions done through the Authorized Economic Operator (AEO) reached 4.4m constituting 61% of the total number of transactions (7.2m) in H1, 2020. The leading program has played an important role during the pandemic in facilitating external trade. Companies, members of the program, boosted…
Details2nd October 2020 – SINGAPORE: A man has been fined S$418,000 for evading taxes and failing to keep documents and records related to motor vehicle imports, said Singapore Customs on Friday (Oct 2). Tan Wee Leng, 43, the sole proprietor of Zion Auto imports, was sentenced on Thursday after he was found guilty of conspiring with three other…
Details29th September 2020 Following a 12-month transition period, the UK will formally exit the EU on 31 December 2020. If you export or import goods to or from Europe, you are most likely wondering what this means for your business. Here, Gareth Bridgland from Perrys Chartered Accountants, has outlined the main points to help you…
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