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Botched digital customs clearance no help to congestion-hit trade in India

Botched digital customs clearance no help to congestion-hit trade in India

21st 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 increased since the launch, with importers and exporters facing numerous “hidden costs”. “Faceless assessment...

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Egypt: Sisi Orders Shortening Customs Clearance Time, Simplifying Procedures

Egypt: Sisi Orders Shortening Customs Clearance Time, Simplifying Procedures

7th 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 with Prime Minister Mostafa Madbouli and Finance Minister Mohamed Maait. The meeting tackled a...

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FTAI partners with Declaron to offer Ireland-Britain customs service 202

FTAI partners with Declaron to offer Ireland-Britain customs service 202

24th September 2020 – Access to sufficient numbers of expert Customs agents and brokers will be critical to the continued free flow of goods between Ireland and Britain, once the Brexit transition period comes to end on 31 December 2020, according to Freight Transport Association Ireland (FTAI), the business group representing the Irish logistics sector. To help Irish businesses manage the new customs clearance processes, the FTAI has launched...

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China Focus: New customs practice boosts B2B e-commerce export

China Focus: New customs practice boosts B2B e-commerce export

in World Economy News 04/09/2020 Two months after 10 Chinese customs began an experimental supervision mode to boost B2B e-commerce export, 12 more customs were added to the pilot program on Tuesday by China’s General Administration of Customs. B2B e-commerce export refers to either direct export of goods from domestic businesses to overseas businesses by cross-border logistics based on their mutual deals over a cross-border e-commerce platform, or the export of...

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Trade facilitation: FBR to issue 'gold', 'platinum', 'silver' certificates to AEOs

Trade facilitation: FBR to issue ‘gold’, ‘platinum’, ‘silver’ certificates to AEOs

01 Sep 2020 ISLAMABAD: The Federal Board of Revenue (FBR) will issue gold, platinum and silver certificates to the Authorised Economic Operators (AEOs) for providing them a wide range of benefits including trade facilitation, speedy clearance of imports and exports consignments and timely payment of refunds/duty drawback to the holders of such certificates. The FBR has issued draft Authorized Economic Operator Rules Monday. Under the new rules, the FBR...

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Most Asia-Pacific consumers unhappy with delivery experiences

Most Asia-Pacific consumers unhappy with delivery experiences

Only 22 per cent of Apac consumers report having product delivery experiences that meet their expectations every time, according to a new study by BluJay Solutions. The research finds that with contactless delivery options becoming more prevalent against the backdrop of the coronavirus pandemic, consumers expectations for transparent, reliable and accurate delivery information is greatly enhanced. In spite of this, deliveries often fall below expectations. “With consumers stuck at...

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US and China make progress on phase one trade deal

US and China make progress on phase one trade deal

US and Chinese negotiators stressed their commitment to the “phase one” trade deal in a phone call where both sides said they had seen progress, even as relations between the world’s two largest economies deteriorate in many areas. The two countries discussed steps China has taken, including ensuring greater protection for intellectual property rights and removing hindrances to American companies in financial services and agriculture, US Trade Representative Robert...

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Delhi Airport seizes gold smuggled in mobile phone from Dubai passenger

Delhi Airport seizes gold smuggled in mobile phone from Dubai passenger

Customs officials at Delhi Airport have seized gold hidden in the mobile phone of a passenger arriving from Dubai. The 505 gram gold bar was moulded into the shape of a phone battery. Officers at the Indian capital’s airport detained the passenger who arrived on a Vistara flight on Monday. An investigation was launched but more details were not revealed. Gold smuggling is a major issue for India. Authorities...

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Dubai Customs transactions jump 36%

Dubai Customs transactions jump 36%

Customs transactions processed by Dubai Customs jumped 36% in the first five months of 2020 to reach 5.9 million compared to 4.4 million transactions in the corresponding period of 2019.  Dubai Customs completed 5.88 million transactions (99.2%) through smart and online channels, with only 0.8% done through the service counters, a release said. Customs declarations rose 42% in the first five months of this year to reach 5 million declarations...

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What is Customs Clearance? 10 Frequently Asked Questions

What is Customs Clearance? 10 Frequently Asked Questions

6th August 2020 – If you are a business involved in importing and exporting goods, you’ve probably been very familiar with the term Customs Clearance, as customs plays an important role in cross-border trade. For those who are just beginning to dip their toe into import-export business, it is a new concept and presents real challenges for small businesses due to its complexities. So, what is customs clearance? In...

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