Customs Duty Exemption Codes: Understanding and Application

Customs Duty Exemption Codes: Understanding and Application

The customs exemption nature code system is vital for international trade, categorizing customs tax management regulations into various types to support data statistics. The codes are divided into five categories, including statutory taxation and tax exemptions. Understanding these codes aids in optimizing customs management and addressing trade complexities; for instance, "101" represents general taxation while "201" indicates non-reimbursable aid materials. This system enhances the transparency and efficiency of tax policies.

07/21/2025 Customs Knowledge
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US Truck Tariffs Strain Manufacturing and Raise Costs

US Truck Tariffs Strain Manufacturing and Raise Costs

The U.S. imposed a 25% tariff on imported trucks, aiming to boost domestic manufacturing. However, this action may lead to increased transportation costs, impacting commodity prices and potentially triggering trade friction. Businesses need to respond proactively, balancing short-term cost pressures with long-term strategic goals. The tariff could disrupt existing supply chains and force manufacturers to re-evaluate their sourcing and production strategies. This situation highlights the complex interplay between trade policy, manufacturing, and the global supply chain.

11/03/2025 Logistics Industry Insights
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US Small Businesses Face Bankruptcy Amid Rising Tariffs

US Small Businesses Face Bankruptcy Amid Rising Tariffs

US small and medium-sized enterprise importers are facing a survival crisis due to tariffs. Surveys show that high tariffs severely impact corporate profitability, even leading to bankruptcy. While companies attempt to shift sourcing locations, the effect is limited, and policy uncertainty further exacerbates the situation. There are no winners in a tariff war; open cooperation is the path to mutual benefit and win-win outcomes. The impact is particularly pronounced on smaller businesses lacking the resources to absorb the increased costs or navigate complex supply chain adjustments.

11/03/2025 Logistics Industry Insights
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Monthly Payment Plan Eases Cash Flow for Importers

Monthly Payment Plan Eases Cash Flow for Importers

The Periodic Monthly Statement (PMS) is a payment option introduced by U.S. Customs that allows importers to consolidate duty and tax payments on a monthly basis, optimizing cash flow. This program not only reduces the financial pressure of individual payments but also enhances the flexibility of fund utilization, making it a valuable option for importers to consider and leverage.

08/05/2025 Customs Knowledge
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Global Market Trends for Halogenated Aromatic Hydrocarbons

Global Market Trends for Halogenated Aromatic Hydrocarbons

The code 2903699090 represents other halogenated derivatives of aromatic hydrocarbons, which have wide applications in the chemical industry. Both exports and imports under this code are tax-exempt, indicating its status as a special organic compound. Understanding this information is extremely important for industry practitioners.

08/08/2025 HS Code Query
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The Process of Fumigation for Wooden Pallet Exports and Obtaining Certification

The Process of Fumigation for Wooden Pallet Exports and Obtaining Certification

Exporting solid wood pallets requires fumigation treatment, especially for countries like the USA, Canada, and Australia. A fumigation certificate is essential to prove the sterilization of wooden packaging materials. Manufacturers must possess the necessary qualifications and apply for the fumigation certificate post-treatment. Buyers need to provide contracts and other documents, which are reviewed by inspection authorities before the issuance of the certificate.

07/18/2025 Logistics Encyclopedia
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US Tightens Country of Origin Labeling for Imports

US Tightens Country of Origin Labeling for Imports

This article discusses the requirements for country of origin labeling for imported goods in the United States. It emphasizes the importance of this labeling in protecting consumer rights and outlines how to achieve compliance. Businesses must ensure clear indication of the country of origin to maintain brand reputation and consumer trust.

08/05/2025 Customs Knowledge
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