Key Strategies for Customs Valuation in Global Trade

Key Strategies for Customs Valuation in Global Trade

Customs valuation checks are common risk points in international trade. Businesses need to prepare various documents in advance, including commercial invoices, purchase contracts, and marine insurance policies, to verify the authenticity of the declared value of goods and mitigate potential tariff expenditure risks. Through thorough preparation and efficient document management, companies can better navigate customs challenges and ensure compliant operations.

08/05/2025 Customs Knowledge
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Global Trade Experts Urge Stronger Unified Customs System

Global Trade Experts Urge Stronger Unified Customs System

The article discusses the non-binding recommendations of the World Customs Organization (WCO) regarding the Harmonized System (HS) for customs coordination. It emphasizes the important role these recommendations play in promoting international trade and investment, urging customs authorities in various countries to adopt them to enhance policy consistency and effectiveness.

08/08/2025 Customs Knowledge
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WCO Adopts Evidencebased Research for Customs Policy Reform

WCO Adopts Evidencebased Research for Customs Policy Reform

The WCO research unit provides theoretical support for customs policy formulation through systematic studies and empirical analysis, promoting the modernization of international trade. Annual research conferences facilitate communication between academia and practitioners, aiding in policy adjustments and customs innovation, thereby laying the foundation for the safe and efficient development of global trade.

08/08/2025 Logistics
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WCO Advances Global Customs Management Through Expertise Collaboration

WCO Advances Global Customs Management Through Expertise Collaboration

The World Customs Organization (WCO), as a professional body in the global customs field, is committed to enhancing the efficiency and security of customs management while facilitating international trade. Through extensive international cooperation and technological innovation, WCO promotes the standardization and reform of customs affairs worldwide, becoming a crucial leader in customs management.

08/08/2025 Customs Knowledge
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Pine Nut Trade Adapts to New Customs Regulations

Pine Nut Trade Adapts to New Customs Regulations

This article analyzes the HS code 0802920090 for fresh or dried shelled other pine nuts and the relevant tax rate policies. It explores market trends and regulatory requirements for exports and imports, providing references for enterprises' international trade decision-making.

08/08/2025 HS Code Query
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China Customs Registration Guide for Importers and Exporters

China Customs Registration Guide for Importers and Exporters

This article provides a comprehensive encyclopedia-style guide to the customs filing process for declaration entities, covering the basis for filing, application methods, detailed steps, precautions, and frequently asked questions. It aims to help businesses clearly understand the filing requirements, successfully complete the filing process, and legally and compliantly conduct import and export trade activities. The guide offers practical information and solutions to common challenges encountered during customs filing, ensuring a smooth and efficient process.

08/23/2025 Customs Knowledge
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Global Trade Key Customs Clearance Pitfalls to Avoid

Global Trade Key Customs Clearance Pitfalls to Avoid

This article interprets common issues in foreign trade customs clearance, such as bill of lading (B/L) amendments and return cargo operations. It emphasizes the importance of consistency between the packing list and the B/L, as well as the possibility and associated costs of B/L amendments. The article advises foreign traders to actively communicate with freight forwarders to seek the best solutions when encountering problems. This proactive approach can minimize delays and additional expenses during the customs clearance process.

08/23/2025 Logistics Encyclopedia
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Trade Expert Simplifies Customs Clearance and Tax Refunds

Trade Expert Simplifies Customs Clearance and Tax Refunds

Freight forwarding expert LIAOMINGYI55 is active in the consolidation community, dedicated to solving the complex problems faced by foreign trade companies in sea freight, customs declaration, and tax refunds. He shares insights on document requirements such as MSDS, identification, and HS CODE, as well as key considerations for customs clearance, tallying, and manifest processes. His expertise helps businesses navigate customs smoothly and successfully obtain tax refunds, providing valuable guidance for efficient international trade operations.

08/23/2025 Customs Knowledge
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Shippers Face Costly Delays Amid Customs Clearance Challenges

Shippers Face Costly Delays Amid Customs Clearance Challenges

This article focuses on the customs cut-off issue in freight forwarding, providing an in-depth analysis of its definition, delay handling, Bill of Lading (B/L) considerations (consignee, amendments, telex release), and essential knowledge like TIN NO. It offers practical freight forwarding experience and a 'avoiding pitfalls' guide to help shippers and freight forwarders efficiently address freight challenges. The article aims to improve understanding and streamline processes related to customs cut-off and B/L operations within the foreign trade logistics sector.

08/23/2025 Customs Knowledge
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