On 22 November 2021 a press conference was held to inform the media of the benefits and opportunities of being admitted to the Enhanced Framework GSP. The event was organized by the British Embassy in Tashkent, in partnership with the Ministry of Investments and Foreign Trade of Uzbekistan. Kenan Poleo, Her Majesty’s Trade Commissioner to Eastern…
DetailsSINGAPORE: 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…
DetailsAs 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…
DetailsBEIJING :China’s customs authorities said on Tuesday they will accept import applications for Brazilian beef that has been granted a sanitary certificate prior to Sept. 4, potentially allowing for cargoes of beef stuck at Chinese ports to finally clear customs. Brazil had suspended exports of beef to China on Sept. 4 after detecting two cases…
DetailsBEIJING :Saudi Arabia held its position as the biggest supplier of crude oil to China for an 11th month in a row in October, with volumes up 19.5per cent from a year ago, customs data showed on Sunday. Saudi oil arrivals totalled 7.1 million tonnes, or 1.67 million barrels per day (bpd), data from the…
Details‘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…
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SINGAPORE: The Goods and Services Tax (GST) will be imposed on all imported goods from 2023 after a Bill was passed in Parliament on Tuesday (Nov 2). Under the Goods and Service Tax (Amendment) Bill, GST will be extended to low-value goods worth up to S$400 that are imported via air or post from…
DetailsTNETS is often asked about the best approach for businesses to take in maintaining trade compliance. TNETS Director, Neil Johnson, was recently called upon to speak on the same subject at a trade management gathering in Singapore. He took the opportunity to share TNETS’ suggestions as to how best practice in trade compliance is best…
Details21 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…
Details21 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…
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