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Shipping to the US? Here's a sure-fire way to save cost 💰 Navigating customs regulations can be daunting, especially with varying thresholds for duty exemptions. De minimis value simplifies the process by setting a threshold below which imports are duty-free. Interested in simplifying your customs? Shoot us a DM and we will get the conversation rolling. #DeMinimisValue #CustomsRegulations #GlobalTrade #ImportStrategies

Have you checked our latest blog on 'Keeping up with Customs - May 2024 update'? "Find a summary of recent and upcoming customs changes affecting both exporters and importers..." Continue reading to find out more👉https://ow.ly/wQsJ50S6y8E

CustomsPost Republic Special 52. Issue is Published! Topic of the Month: A New Era in Customs: DK1 Authorized Customs Broker Inspection Reports #customspost #customsaudit #customs

What are preferential agreements? The European Union (EU) and its predecessor, the European Community (EC), have concluded so-called preferential agreements with numerous countries or groups of countries. Customs concessions (preferences) were agreed in these preferential agreements. This means that imports into a country with which such an agreement has been concluded can be made duty-free or at least at reduced duty. The prerequisite is that the goods meet certain rules of origin that are set out in the preferential agreement. Depending on the level of customs duty, preferential origin can lead to a significant competitive advantage because higher sales prices can be offset in this way. In addition, foreign customers often request preferential origin. As proof that the goods meet these rules of origin, preferential evidence (movement certificate EUR.1, EUR-MED or declaration of origin on the invoice) must be presented upon import.

Customs legal cases and judgments are a great way to understand the logic and thinking behind customs rules and practices. The recent Court of Justice of the European Union (CJEU) judgment delivered on 11 April 2024 in Case C-770/22 OSTP Italy Srl answers the question of whether, in the event of a dispute with customs, the collection of import duties is suspended until the outcome of the proceedings is known. Article 45 of the UCC establishes the right of an importer to lodge an appeal against any customs decision relating to the application of customs legislation. But such proceedings take time, sometimes even years, if the case goes all the way to the CJEU. While the dispute is ongoing, should the importer be expected to pay the total amount of customs duties in question? Or can this amount be suspended until the outcome is determined? The answers to these questions can have significant cashflow implications for businesses. And to a certain extent, it depends on the EU Member State national legislation. Find out more in the recent Customs Compliance and Risk Management Journal article by Dr. Aiste Medeliene “Is payment of customs duties suspended if a dispute is brought before a court?” https://lnkd.in/dPMfRAPx #legalcase #customs #duty #CCRMjournal #CustomsClear

✈ Shipping to Vietnam can be a breeze if businesses understand the country's laws, regulations, duties and taxes 🇻🇳 Therefore, it is recommended to ✨ learn Vietnam's customs regulations to avoid delays in customs clearance by authorities. Learn more: https://lnkd.in/gWc2hE9X #internationalshipping #VietnamTrade #ImportExport

One of the most effective ways to combat rising customs duties is by taking advantage of preferential origin allowed through free trade agreements. But that’s easier said than done. Tune into this recorded podcast from the Customs Knowledge Institute, Proving Preferential Origin in EU and UK. https://lnkd.in/ejJJbvXN Portorium CEO Pieter Haesaert joins Claudia Romanita Stroe and Anthony (Tony) Buckley to discuss: - Problems surrounding proving preferential origin - How customs authorities in the EU and UK implement the rules of origin requirements - How businesses can prepare for the contingent liabilities associated with customs audits on past imports - Ways forward #originmanagement #tradecompliance #freetradeagreement #customscompliance

Movement certificate A.TR In the customs union between the European Union (EU) and Turkey, shipments of goods are usually accompanied by the movement certificate A.TR. The presentation of the A.TR ensures that goods can be imported duty-free in both areas of the customs union. The A.TR proves that the goods covered by it are in free circulation (free circulation status). The origin of the goods, however, is not important. Excepted are goods that do not fall under the customs union: agricultural products and certain iron and steel products, primarily in Chapter 72 of the customs tariff.

Struggling with rules of origin? Don't worry, you're not the only one! Are you taking full advantage of duty-free benefits in trade agreements like the EU-UK TCA and other FTAs? Understanding and following rules of origin is essential for successful trade At CustomsPlus we specialize in conducting origin reviews to guarantee your products meet the requirements for duty-free movement. Let our expertise simplify your customs declarations and protect your business from costly penalties Find out how we can help today!

The World Customs Organization supports and guides customs agencies from different countries in order to build a better interconnected global community through trade. Albeit the infamous belief that foreign goods may hurt them, local economies are actually boosted through global trade. The WCO envisions a “safer and more prosperous world” through fair and beneficial global trade. All over the world, integrous and diligent customs agents work hard to fulfil this great vision. They manage the flow of goods and collect tariffs for imports and exports. International Customs Day is the day to celebrate these customs officers for all their hard work in keeping global trade up and running. #importcustomsclearance #exportcustomsclearance #Customsclearance #Customsbroker #Customs #goldenbalcony