Guide to Duty Refunds for Missing Goods in Global Trade

Guide to Duty Refunds for Missing Goods in Global Trade

The World Customs Organization recommends simplifying import duty and tax refund processes to prevent taxation on non-imported goods. This covers duty drawback and release of security, emphasizing timely declaration and sufficient proof. Members are urged to streamline procedures, make prompt decisions, and share information. This guide analyzes the recommendation, helping businesses understand the application process and reduce trade costs. The key is efficient documentation and adherence to established guidelines for successful claims and minimized financial burdens in international trade.

US Considers 25 Truck Tariff Sparks Manufacturing Debate

US Considers 25 Truck Tariff Sparks Manufacturing Debate

The US imposes a 25% tariff on imported heavy trucks, aiming to reshape American manufacturing, but potentially leading to increased costs and supply chain disruptions. Experts suggest this move might be intended to limit the entry of Chinese electric trucks into the US market. Shipping companies face challenges in cost control and long-term partnerships. Calls are being made to remove the tariffs, arguing they harm the interests of allies. The impact of the tariff policy is complex and requires close monitoring.

Constellation Brands Faces Beer Shortage Amid Brown Glass Supply Crisis

Constellation Brands Faces Beer Shortage Amid Brown Glass Supply Crisis

Constellation Brands faces a brown glass shortage, impacting inventory of imported beers like Pacifico. Despite ongoing supply chain challenges and inflationary pressures, the company is actively addressing these issues through joint ventures, capacity expansion, and localization strategies. These efforts aim to maintain growth momentum within its beer business, mitigating the impact of the glass shortage and broader economic headwinds. The company remains focused on optimizing its supply chain and adapting to the evolving market landscape to ensure consistent product availability.

Mexicos 2026 Tariff Changes Impact Crossborder Ecommerce

Mexicos 2026 Tariff Changes Impact Crossborder Ecommerce

From 2026, Mexico will impose high tariffs on over 1400 imported goods from countries without free trade agreements. The automotive industry chain, textiles and apparel, home goods, personal care appliances, and toys will be significantly affected. Chinese cross-border e-commerce businesses need to optimize supply chains, enhance brand value, expand into diverse markets, and ensure compliance to address cost challenges and achieve sustainable development. These strategies are crucial for navigating the new tariff landscape and maintaining competitiveness in the Mexican market.

Importers Face Challenges With Bonded Goods Deferred Duties

Importers Face Challenges With Bonded Goods Deferred Duties

Bonded goods refer to imported commodities for which customs duties are temporarily not paid and are required to be stored in a bonded warehouse under customs supervision. This system provides enterprises with financial flexibility, simplifies trade processes, and ensures the safety of goods. During the bonded period, goods can also undergo simple processing, repackaging, and re-export trade, promoting international trade development. This allows businesses to defer duty payments until the goods are actually released into the domestic market, improving cash flow and competitiveness.

US Ends De Minimis Rule Imposes Tariffs on Ecommerce Imports

US Ends De Minimis Rule Imposes Tariffs on Ecommerce Imports

The US is set to eliminate the de minimis exemption in 2027, significantly impacting cross-border e-commerce businesses, especially those relying on low-price strategies like Shein and Temu. Companies will need to adjust supply chains, improve product quality, and expand markets to cope with increased tariffs and a changing competitive landscape. This policy change will also affect US domestic manufacturing, consumers, and customs enforcement, potentially leading to increased costs and scrutiny for imported goods. Businesses need to proactively adapt to mitigate the negative consequences.

Crossborder Ecommerce Faces New Customs Valuation Challenges

Crossborder Ecommerce Faces New Customs Valuation Challenges

The World Customs Organization released Advisory Opinion 4.19, clarifying how to handle royalties that include both patent rights for imported raw materials and trademark rights for the final product in customs valuation. This opinion aims to enhance valuation certainty, reduce trade friction, and assist businesses in tax planning. It offers valuable guidance for cross-border e-commerce and import-export enterprises, particularly regarding the treatment of royalties in determining customs value. The advisory opinion provides a framework for consistently applying valuation principles to complex licensing agreements.

WCO Aids Togo in Customs Valuation to Boost Trade Efficiency

WCO Aids Togo in Customs Valuation to Boost Trade Efficiency

WCO training assisted Togo in enhancing its customs valuation capabilities. This initiative focused on strengthening personnel skills to ensure compliant and efficient valuation practices. By improving valuation procedures, the training contributes to trade facilitation and promotes smoother international trade flows. The program aims to equip Togo's customs officials with the necessary expertise to accurately assess the value of imported goods, leading to increased revenue collection and improved border security. Ultimately, this technical assistance supports Togo's economic development by fostering a more transparent and predictable trading environment.

Russia Shifts to Ruble Settlements As Markets Adapt

Russia Shifts to Ruble Settlements As Markets Adapt

The Russian economy is undergoing a profound transformation, with the rise of RMB settlement and reshaping of the consumer electronics market. Parallel import policies continue, retail trade fluctuates, and trade channels shift. Western companies are withdrawing, exacerbating logistical challenges. Russia is actively responding to these challenges by deepening cooperation with Eastern countries, promoting economic diversification, and pursuing modernization. This involves adapting to new market dynamics and building resilience in the face of external pressures. The focus is on fostering sustainable growth and strengthening its position in the global economy.

01/06/2026 Logistics
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Vietnams Vinh Long Airport Streamlines Air Freight and Customs

Vietnams Vinh Long Airport Streamlines Air Freight and Customs

This article provides an in-depth analysis of air freight operations and customs clearance procedures at Vinh Long Airport (XVL) in Vietnam. As a non-customs airport, goods imported and exported through XVL require clearance at other customs airports. The article details key elements of air freight operations, clearance requirements, and recommends using the West Coast Cargo's three-letter code lookup system and other practical tools to help businesses operate efficiently. It emphasizes the importance of understanding the specific requirements for handling cargo through a non-customs airport like XVL.