Customs Duty Reassessment Rules and Compliance Strategies Explained

Customs Duty Reassessment Rules and Compliance Strategies Explained

This article provides a detailed interpretation of the scope and time limits for supplementary duty payments, including underpaid or missed duties due to classification or valuation errors after goods release, domestic sales transfer of specific duty-free or reduced-duty goods, and illegal smuggling. It clarifies the statute of limitations for customs to recover underpaid or missed taxes and emphasizes the importance of compliant operation for businesses and individuals to mitigate tax risks. Aiming to help enterprises understand the regulations and avoid potential tax liabilities.

09/26/2025 Customs Knowledge
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Siem Reap Port Emerges As Key Cambodian Trade Hub

Siem Reap Port Emerges As Key Cambodian Trade Hub

This article introduces the overview, types, routes, and role of Siem Reap Port in Cambodia's water transport system. As an inland barge port, Siem Reap Port connects the inland with coastal ports, serving as an important supplement to Cambodia's foreign trade. The article also lists other major Cambodian seaports and looks forward to the future development of Siem Reap Port. It highlights the port's significance in facilitating trade and contributing to the overall connectivity within Cambodia and its connection to the global market via coastal hubs.

09/29/2025 Port Encyclopedia
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Luoyang Airports LYA Code Boosts Air Cargo Efficiency

Luoyang Airports LYA Code Boosts Air Cargo Efficiency

This article focuses on the three-letter code (LYA) of Luoyang Airport, providing an in-depth introduction to the role of airport codes in air freight logistics. It details how to use tools like Xian Cargo Network to query airport information and track air shipments. Furthermore, the article clarifies the distinction between city codes and airport codes, aiming to help readers better understand the operation of air freight logistics. It explains how these codes are essential for efficient tracking and identification within the complex air cargo system.

09/29/2025 Airport Codes
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Maersks Lean Logistics Revolutionizes Automotive Manufacturing

Maersks Lean Logistics Revolutionizes Automotive Manufacturing

Maersk's automotive logistics solutions are dedicated to helping automotive companies gain an edge in the era of smart manufacturing through lean supply chain management. Leveraging three core advantages – optimized costs, precise delivery, and a global network – Maersk provides end-to-end visibility, inventory optimization, flexible responsiveness, and sustainable development solutions. This makes Maersk a trusted strategic partner for automotive companies, enabling them to navigate industry changes and create a better future together. We aim to be a reliable partner in optimizing their automotive supply chain.

09/28/2025 Logistics Industry Insights
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Maersk Customizes Supply Chain Solutions for Sudan Trade

Maersk Customizes Supply Chain Solutions for Sudan Trade

Maersk offers customized supply chain solutions to optimize trade with Sudan, including localized services such as customs clearance, inland transportation, warehousing and distribution, and project logistics. This is combined with comprehensive logistics solutions encompassing global ocean, air, and supply chain management. Through a digital platform, Maersk provides convenient features like instant booking confirmation and visualized route selection, empowering businesses to enhance their global trade competitiveness. These integrated solutions aim to streamline operations and improve efficiency for companies engaged in or looking to engage in trade with Sudan.

09/28/2025 Logistics
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Guineabissau Importers Face Rising Demurrage and Detention Fees

Guineabissau Importers Face Rising Demurrage and Detention Fees

This article provides a detailed guide to the import process in Guinea-Bissau, focusing on detention and demurrage fees. It explains how these fees are calculated and offers practical advice on how to avoid them. By preparing customs clearance documents in advance, closely monitoring cargo movement, and strategically planning pickup times, importers can effectively reduce costs and ensure smooth business operations. The guide aims to help businesses navigate the import procedures and minimize unexpected expenses related to container storage and port delays in Guinea-Bissau.

09/28/2025 Logistics Encyclopedia
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Maersk Expands Online Fee Extension Services

Maersk Expands Online Fee Extension Services

Maersk expands its online platform, enabling customers to purchase destination demurrage/detention extensions at various stages: booking, SI submission, and after shipment, optimizing supply chain costs. This article details the purchase process, key considerations, and provides data-driven recommendations from an analyst's perspective to help you leverage this service effectively. By understanding the nuances of this offering, businesses can potentially reduce unexpected fees and improve overall supply chain efficiency. This proactive approach to managing demurrage and detention charges can lead to significant cost savings.

09/28/2025 Logistics
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Maersks Logistics Strategy Drives Business Success

Maersks Logistics Strategy Drives Business Success

Maersk Project Logistics offers customers high control, exceptional reliability, and end-to-end visibility through its integrated network and specialized expertise. We simplify management processes and empower businesses to operate efficiently in complex global project environments, ultimately driving business growth. Our integrated services ensure seamless execution, while our focus on supply chain control provides clients with the transparency and predictability they need to succeed. We deliver comprehensive solutions tailored to the unique demands of each project, offering a single point of contact for all logistics needs.

09/28/2025 Logistics Industry Insights
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