Customs Tax Exemption Nature Code Explained: Classification and Application

Customs Tax Exemption Nature Code Explained: Classification and Application

The customs exemption nature codes are used to classify the taxation and exemption of import and export goods into five categories: statutory taxation, statutory exemptions, specific exemptions, other exemptions, and provisional tax rates. Each code consists of three digits that clarify the nature and order of taxation or exemption. This system holds significant guiding significance and practical value for reasonable customs declaration and tax compliance.

07/21/2025 Logistics Encyclopedia
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Customs Duty Exemption Nature Codes and Their Application Analysis

Customs Duty Exemption Nature Codes and Their Application Analysis

This article explores the definition of customs exemption nature codes and their significant role in customs tax management. The exemption nature codes are divided into five parts, encompassing statutory taxation, tax exemptions, and specific regional import policies. Through classification, standardization, and analysis, these codes provide crucial support for the management of customs automation systems and tax databases, significantly impacting the optimization of import and export processes for enterprises.

07/21/2025 Logistics Encyclopedia
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Worlds First Green Marine Ammonia Bunkering Operation Completed

Worlds First Green Marine Ammonia Bunkering Operation Completed

Envision Energy has announced the successful completion of the world's first green marine ammonia refueling operation, marking a significant milestone in the fuel's application in the shipping industry. Produced from renewable energy, green ammonia will help reduce emissions in the shipping sector and promote sustainable development. Despite facing technical and safety challenges, this innovation provides a clear direction for the future transformation of shipping.

08/08/2025 Logistics Industry Insights
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Enhancing Your Supply Chain Efficiency In-depth Analysis of New Logistics Trends

Enhancing Your Supply Chain Efficiency In-depth Analysis of New Logistics Trends

The logistics industry is rapidly evolving, with companies enhancing supply chain efficiency through data analysis and innovative technologies. By introducing new technologies like blockchain and the Internet of Things, businesses not only optimize management but also meet sustainability demands. Companies that keep pace with these trends will gain a greater competitive advantage.

07/23/2025 Logistics Industry Insights
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Driving Forces and Transformation in the New Normal of the Shipping Industry

Driving Forces and Transformation in the New Normal of the Shipping Industry

In the context of the new economic normal, the shipping industry faces uncertainties in recovery. This paper explores the impact of the Belt and Road Initiative on the shipping market, emphasizing that shipping companies must shift their growth models to focus on endogenous drivers. Companies should enhance their management capabilities and resource allocation abilities to adapt to the complex global economic situation. Additionally, the emergence of new forces, such as the internet, offers new opportunities for business development.

07/21/2025 Logistics Industry Insights
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Port Congestion A New Round of Challenges in Supply and Demand Conflicts

Port Congestion A New Round of Challenges in Supply and Demand Conflicts

Despite declining revenues in the shipping market, port congestion remains a persistent issue that is not easily alleviated. Data indicates that a significant number of bulk carriers and container ships continue to wait for loading and unloading, impacting global freight. The congestion problems in the U.S. and Europe have worsened due to the pandemic, economic fluctuations, and labor shortages, serving as a crucial barometer for macroeconomic and geopolitical conditions.

07/24/2025 Logistics Industry Insights
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High-speed Rail Express: A New Mode of Cost-effective Logistics Innovation

High-speed Rail Express: A New Mode of Cost-effective Logistics Innovation

High-speed railway express has emerged as a new logistics method since the route from Shenzhen North to Changsha South commenced, transporting 15 tons of goods daily and reducing costs by over 25% compared to air transport. Despite challenges such as limited loading capacity and heavy transportation demands, the potential and prospects for high-speed railway express remain promising, potentially offering new growth opportunities for the express industry in the future.

07/21/2025 Logistics
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Port of New York and Jersey Secures Record Funds for Green Shift

Port of New York and Jersey Secures Record Funds for Green Shift

The Port Authority of New York and New Jersey secured a record-breaking $347 million in federal funding for clean port initiatives, bolstering its sustainability efforts. The funds will support the transition to zero-emission equipment, the construction of shore power infrastructure, community engagement, and air quality monitoring. This investment will help the port achieve its 2050 net-zero emission target and solidify its position as both an economic engine and a model for green ports.

11/03/2025 Logistics
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