The customs duty exemption nature codes are important tools for classifying import and export goods. This article provides a detailed overview of the classification of exemption categories, including statutory taxation, tax reductions, and specific tax exemptions, along with detailed definitions and applicability related to various types of import and export goods. This information is crucial for understanding tax management in international trade.
In Q1 2025, Urumqi's international cargo flight volume surged by 139.2%, boosted by the Belt and Road Initiative, visa policy optimization, and customs facilitation. Airport expansion and route development enhanced infrastructure capacity. Foreign trade development and cross-border e-commerce fueled market demand. Urumqi's unique geographical advantage also played a crucial role. These factors collectively contribute to Urumqi's emergence as a new international air cargo hub.
The WCO's 'Global Green Customs Conference' brought together experts in trade, customs, and environment to discuss border environmental protection. The conference focused on topics such as the circular economy, waste trade, timber trade, and HS code classification, emphasizing the crucial role and responsibility of customs in promoting green trade, combating illegal trade, and building a sustainable future. The conference aimed to strengthen international cooperation, raise public awareness, and collectively address global environmental challenges.
The vulnerability of global supply chains has become increasingly apparent during recent crises. Companies need to enhance transparency, establish diversified supply chains, and create flexible teams to build resilience against external risks and uncertainties, ensuring sustainable development and competitive advantage.
The article discusses the importance of building a seamless logistics ecosystem, emphasizing that integrated logistics, supported by technology and collaborative efforts, along with customer-centric services, can significantly enhance efficiency and customer satisfaction, thus driving progress in the global logistics industry.
This article explains the key steps in import customs clearance, including the processes and precautions for general trade and processing trade. It provides detailed information about payment methods, necessary documents, bill exchange, quality inspection, customs declaration, tariff payment, and release steps to assist businesses in successfully completing import procedures.
Nanjing city has partnered with Jiangsu Province to establish the Nanjing Yangtze River Shipping Logistics Center, aimed at enhancing the shipping and logistics capabilities in the region. The initial registered capital for this project is 1 billion yuan, and it will integrate Yangtze River shipping resources to develop comprehensive logistics services. Currently, Nanjing's 12.5-meter deep-water channel is operational and will soon accommodate vessels of 50,000 tons and above, fostering local economic growth.
The World Customs Organization (WCO) and the Universal Postal Union (UPU) are collaborating to address challenges posed by cross-border e-commerce. This partnership involves strengthening cooperation agreements, holding global conferences, and optimizing customs clearance processes. The aim is to improve customs-postal cooperation, providing global consumers with a more convenient and efficient cross-border shopping experience. Efforts are also focused on building a safer and smarter postal environment, ensuring secure and streamlined international postal services.
Dashun Logistics successfully resolved a customs clearance issue for imported exhibits caused by incorrect labeling. Through proactive communication and collaboration, they secured support from customs authorities, ensuring the exhibits participated in the exhibition on time. This case demonstrates the company's efficient teamwork, honest communication, and customer-centric service philosophy, providing valuable insights for other businesses. Dashun's approach highlights the importance of building strong relationships with customs officials and proactively addressing potential issues to avoid delays and ensure smooth import processes.
The World Customs Organization (WCO) and the Organization for the Advancement of Structured Information Standards (OASIS) signed a Memorandum of Understanding to promote the adoption of technical standards by governments and the public sector worldwide, particularly in customs. This collaboration aims to streamline customs procedures and enhance trade efficiency using open IT technologies, ultimately building a secure and efficient supply chain. This signifies the dawn of a new era in trade driven by technical standards, fostering greater interoperability and transparency in global commerce.
