TNETS Customs and Trade Management News


Slow clearance of goods at Torkham causes traffic, policing issues

LANDI KOTAL: Slow process of customs clearance of trade goods to Afghanistan at Torkham coupled with arrival of hundreds of more loaded vehicles from Karachi have compounded the traffic management, policing and security related issues both at the border crossing and on Peshawar-Torkham Highway since reopening of the border for trade activities on May 1. The federal interior ministry through a notification on May 1 allowed reopening of Torkham...

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Labuan Chinese Chamber appeal Customs Dept to expedite the release of containers

LABUAN, May 10 — The Labuan Chinese Chamber of Commerce (LCCC) has appealed to the Royal Malaysian Customs Department to expedite the release of containers worth millions of ringgit still held up at the Labuan Liberty Wharf since February this year. Its president Datuk Wong Kii Yii said if the issue remains unresolved, all five companies which imported the containers would have to cease their business operations. According to...

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Solutions should prioritize maintaining industrial production: ministry

HÀ NỘI — The Ministry of Industry and Trade said that the most important priority at present was to maintain the operation of domestic industrial enterprises during the novel coronavirus (COVID-19) pandemic. The pandemic has caused a lot of difficulties for enterprises in Việt Nam, especially industrial enterprises. If an enterprise is closed due the pandemic, its workers lose their jobs and it has negative impacts on other businesses in the supply...

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China: Customs to crack the whip with rogue exporters

China has warned of stringent action against manufacturers who export defective and counterfeit medical products, including confiscation of the illegal income and punishment, to ensure the overall quality of its foreign trade, the General Administration of Customs said on Monday. The GAC will impose fines of more than 50 percent but less than three times the value of the goods on exporters who violate the rules, the administration said...

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Malaysian authorities seize record 6 tons of African pangolin scales

On April 1, authorities seized more than 6 tons of African pangolin scales in Port Klang, Malaysia. This is the biggest shipment of pangolin scales ever to be discovered in this particular port. The exact origins of this shipment are unknown, especially since traffickers frequently change their routes. Pangolins are the most trafficked animal in the world, with over 1 million animals taken from the wild and traded since...

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Medical equipment, PPEs exempted from import duty, sales tax

KUALA LUMPUR (March 24): The Ministry of Finance (MoF) has exempted import duty and sales tax for the purchase of medical and laboratory equipment, personal protective equipment (PPE) and disposable products by any parties donating to the Ministry of Health (MoH) to help address COVID-19. The Royal Malaysian Customs Department, in a statement today, said this was agreed upon by Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz...

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ABF signs MOU with Singapore

On 20 March 2020, Australian Border Force (ABF) Commissioner Michael Outram countersigned a Memorandum of Understanding on Trade Facilitation with the Singapore Government. Singapore’s Ho Chee Pong, Director-General Singapore Customs and Tan Kiat How, Chief Executive Officer, the Infocomm Media Development Authority have also signed the Memorandum of Understanding. “This MOU will support Australia’s efforts to make trade digital, seamless and secure,” Commissioner Outram said. The MOU will allow...

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Supply chain impact of coronavirus increases further

The devastating impact of coronavirus on global trade and supply chains continues to escalate as non-China Covid-19 infections surpass those recorded in China itself. One upshot is that even as cargo availability in China increases, the implementation of social distancing and isolation policies in a bid to contain the spread of the virus threaten economic growth and demand in Europe and North America. Sea-Intelligence’s latest Sunday Spotlight newsletter warned that as...

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New EU Customs Regulation Ends VAT Exemption for under €22 Parcels

Following an amendment to Regulation (EU) 2015/2446 on EU customs rules, from 1 January 2021 it will be possible to declare goods up to €150 with a simplified customs declaration. The existing VAT exemption for goods up to 22 € will thus be abolished – the popular shipments from China with the label “Gift, 10$” will then be a thing of the past. Although all imports into the EU will...

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Transport minister: Importation of 10 million face masks from China because local producers can’t keep up

Transport Minister Datuk Seri Wee Ka Siong clarified today that the government’s purchase of 10 million face masks from the Chinese government was because local manufacturers were unable to keep up with the demand. Wee explained that after the Domestic Trade and Consumer Affairs minister restricted the export of face masks, the existing domestic manufacturers were only able to produce limited quantities of face masks and subsequently led to...

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