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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Guangzhou released measures to promote the high-quality development of cross-border e-commerce
21st 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 country, with a year-on-year growth of 1.83%. Guangzhou is taking steps to further improve...
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Georgia, an investment-friendly and corruption-free country
5th 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 advantages for import and export activities, international business and foreign business investments. Here are...
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AEO customs transactions make 61% of Dubai Customs activity in H1, 2020
4th 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 their business activity, especially in importing foodstuff and medical supplies, motivated by a number...
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Man fined S$418,000 for evading taxes and failing to keep records of vehicle imports
2nd 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 motor vehicle traders to evade excise duty and Goods and Services Tax (GST) relating to...
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Exporting Goods to the EU after Brexit: What You Need to Know
29th 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 prepare your company well ahead of the deadline and make any required adjustments as...
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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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Alibaba Subsidiary Cainiao Pushes Into Malaysia With Cross-Border Delivery Service
23rd September 2020 Cainiao, a logistics arm of Alibaba, is partnering with its domestic peer Best to launch a time-efficient delivery service between China and Malaysia, which the duo hailed as a boon for both buyers and sellers as the upcoming “Double 11” shopping extravaganza is expected to drive demand for cross-border e-commerce. The service, which incorporates customs clearance, sea freight forwarding, overseas warehousing and last-mile delivery, will shorten...
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200 administrative procedures connected to National Single Window
23rd September 2020 – NDO – By the end of August 2020, there were 200 administrative procedures of 13 ministries and sectors connected to the National Single Window, an increase of 12 procedures compared to 2019, featuring over 3.2 million records and 40,000 enterprises. The statistics were announced at a meeting of the National Steering Committee for the ASEAN Single Window (ASW), National Single Window (NSW) and Trade Facilitation...
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GOVERNMENT BLAMES HAULIERS FOR BREXIT CHAOS
23rd September 2020 – London, UK: The British government is deflecting blame for its customs failures onto the haulage industry. Hauliers say they are being “fitted up” for the inevitable disruption caused by poor government Brexit choices, systems unready to handle customs clearance, and a failure to extend the Brexit transition period. The leaked letter, from Michael Gove, chancellor of the Duchy of Lancaster, and the minister responsible for...
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