By Staff Writer Nov 21 2109 / The Export Compliance Journal The Office of Foreign Assets Control (OFAC) recently announced that it has reached a settlement with the Apollo Aviation Group. This story began when the Apollo Aviation Group, between 2013 and 2015, leased three of their aircraft engines to an entity incorporated in the…
DetailsNov 19 2019 / Daily Mirror The Ceylon Motor Traders Association (CMTA) seeks firm legal actions from the Sri Lanka Customs (SLC) and Finance Ministry against an alleged Rs.160 million import duty fraud committed in importing 13 Audi A5 motor vehicles by a particular vehicle importer. Issuing a statement to the media yesterday, the CMTA…
DetailsBy eng.lsm.lv Nov 13 2019 / LSM.LV Latvian Post (Latvijas Pasts) deliveries from third countries, meaning countries outside the European Union, will need to be declared electronically from November 19 of this year, according to information from the State Revenue Service (VID). VID indicates that this will complete the electronization of the delivery declaration system,…
DetailsBy Tariq Alfaham/Mohd Aamir Nov 12 2019 / Emirates News Agency DUBAI, 12th November, 2019 (WAM) — Ahmed Mahboob Musabih, Director-General of Dubai Customs, discussed means of boosting cooperation between Dubai and China with representatives of more than 20 Chinese companies headed by the Chinese Consul-General to Dubai, Li Xuhang. The visitors were briefed on…
DetailsBy Department for International Trade Nov 12 2019 / GOV.UK Export Control Unit Between May and October 2019, HM Revenue & Customs (HMRC) issued compound penalties between £5,000 and £90,000 to 9 UK exporters. These related to unlicensed exports of dual use goods, military goods and related activity controlled by The Export Control Order 2008.…
DetailsBy Michael Smith Nov 11 2019 / Financial Review Shanghai | Chinese regulators are delaying the approval of new licences to Australian dairy and beef exporters looking to increase sales to China, in the latest sign that diplomatic tensions are hurting trade with Australia’s biggest trading partner. Numerous sources told The Australian Financial Review that…
DetailsBy Chris Gillis Nov 9 2019 / American Shipper A Miami-based customs broker specializing in perishable imports will benefit from access to agency officers for after-hours inspections through the Reimbursable Services Program. Patricia Compres, co-owner of Miami-based Advance Customs Brokers and Consultants, works in a 24-hour world, which doesn’t always align with the regular operating…
DetailsBeyond the current down cycle, can Singapore’s key electronics cluster continue to be competitive? By Lynette Tan Nov 9 2019 / The Business Times Singapore hosts the entire semiconductor value chain IT all started 51 years ago, and throughout the half century or so, Singapore’s key semiconductor industry has had its ups and downs. It…
DetailsIt will serve to strengthen the position of Singapore and the EU as gateways for companies looking to expand their business in our respective regions. Singapore and the EU have a long-standing and robust relationship. We look forward to building even stronger trade and investment links together. By Ministry Of Trade & Industry Nov 8…
DetailsBy Bernadette D. Nicolas Nov 7 2019 / BusinessMirror FIFTY-TWO years ago, the founding members of the Association of Southeast Asian Nations (Asean) fought the embers of communism across Asia. Today, Asean is confronting another “FIRe,” the so-called Fourth Industrial Revolution. The FIRe is being seen as a tool that Asean needs to comprehend, brace…
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