Iranian importers must make payments to suppliers through banks under the company name and provide proof of payment to complete customs clearance. Due to U.S. sanctions, many banks refuse to accept payments from Iran, increasing transaction risks. It is advisable to ensure that payments are received before shipping and to avoid trading in products subject to sanctions to safeguard the supply chain.
The article analyzes the applicability of using the ruble in export customs declarations. It points out that, according to customs regulations, the currency used for declaring goods must be selected from the 'Currency Code Table'. Since the ruble is not included in this table, declaring goods directly in rubles is not permitted and must be converted to another currency. It is recommended to consult a professional customs brokerage for specific requirements during the process.
Bonded warehouses play a crucial role in international trade, classified into public, private, and self-use types, primarily storing goods that have not completed customs procedures. National regulations prohibit the storage of prohibited items in these warehouses, ensuring smooth trade operations and compliance with social responsibilities. Various types of warehouses cater to the diverse needs of businesses.
This article aims to explain the concept of 'reasonable quantity for personal use' regarding duty-free baggage items and its associated policies. It defines personal use and reasonable quantity, illustrating the reasons for customs taxation through real-life examples. The article emphasizes the importance for travelers to be aware of duty-free limits upon entry and suggests measures to take if they exceed those limits, helping travelers better understand and navigate customs policies. This knowledge can effectively enhance the travel experience, minimizing unnecessary confusion and hassles.
Saudi Arabia's latest customs regulations include a complete exemption from export service fees, a reduction in import service fees to 0.15% of the goods' value, the implementation of a temporary import duty exemption policy, and an expanded range of tariff exemptions for industrial products. These regulations aim to simplify trade processes, reduce costs, and promote economic diversification and sustainable development, offering new opportunities for businesses. Companies need to actively adapt to the new rules and seize market opportunities.
This article delves into common and challenging issues in freight forwarding operations. It provides solutions for problems such as lead seal handling, port entry strategy selection, customs information inquiries, destination port changes, and returns. It aims to help you avoid pitfalls and achieve efficient customs clearance. The practical guidance helps freight forwarders navigate complex situations and ensure smooth cargo movement.
Discrepancies between the Bill of Lading (B/L) and the actual cargo (quantity, weight, volume) are common in import customs clearance. This article details strategies to address this issue, including verifying data, amending the B/L, and contacting the LCL agent. It also answers frequently asked questions regarding document requirements for exchanging the B/L, LCL charges, and the transportation of goods within bonded zones. This guide aims to improve customs clearance efficiency by providing practical solutions and insights into common challenges.
This article is for freight forwarding beginners, explaining basic concepts such as factories and door-to-door services, and addressing common issues like discrepancies between customs data and ENS data, as well as bill of lading confirmation. It emphasizes the importance of data accuracy and provides practical tips to help newcomers quickly get started in the freight forwarding industry. The article aims to provide a solid foundation for understanding key processes and avoiding common pitfalls.
This article provides a detailed overview of the three common customs clearance models in China's cross-border shopping: postal customs clearance, express customs clearance, and cross-border e-commerce customs clearance. It discusses their characteristics, advantages and disadvantages, and tariff collection methods, helping users understand key aspects and potential challenges in the cross-border shopping process.
When exporting electric scooters to Rotterdam, Netherlands, it's essential to understand the packaging and shipping requirements for lithium batteries. There are different types of lithium batteries, each with specific packaging and declaration requirements, such as UN3480 and UN3481. Under certain conditions, batteries contained in electric devices may be exempt from hazardous materials packaging certification, but maritime declaration is still necessary.
