WCO Issues New Customs Valuation Guidance for Trade Compliance

WCO Issues New Customs Valuation Guidance for Trade Compliance

The World Customs Organization is set to release new Explanatory Note 7.1, aiming to clarify the meaning of 'price actually paid or payable' and assist businesses in more accurately performing customs valuation. Companies should thoroughly understand the new regulations, optimize their valuation strategies, reduce trade costs, and improve compliance levels, thereby gaining a competitive edge in cross-border trade. This updated guidance is crucial for navigating the complexities of international trade and ensuring accurate declaration of goods.

01/26/2026 Customs Knowledge
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SOLAS VGM Compliance Key to Safer Global Supply Chains

SOLAS VGM Compliance Key to Safer Global Supply Chains

This article analyzes the SOLAS VGM (Verified Gross Mass) regulations, covering verification methods, deadlines, weight verification procedures, and collaboration requirements. It advises shippers to prepare early, choose the appropriate verification method, and enhance communication and training. Understanding these aspects is crucial for ensuring compliance and avoiding potential delays or penalties in maritime shipping. Proper implementation of SOLAS VGM contributes to safer container handling and transportation across the global supply chain.

01/26/2026 Logistics
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WCO and Japan Boost Trade Compliance with Lab Upgrades

WCO and Japan Boost Trade Compliance with Lab Upgrades

The World Customs Organization (WCO) launched the "Customs Laboratory Regional Programme" to enhance the chemical analysis capabilities and HS code classification skills of its member customs administrations. Supported by Japan Customs, the program targets customs laboratory analysts and future professionals, offering training in cutting-edge technologies, laboratory management optimization, tariff classification mastery, and understanding of the WCO system. It aims to empower participants to improve their professional competence and promote global trade compliance. The program focuses on practical skills and knowledge transfer to improve efficiency and accuracy in customs operations.

01/26/2026 Customs Knowledge
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WCO Publishes Arabic PCA Guidelines to Enhance Trade Compliance

WCO Publishes Arabic PCA Guidelines to Enhance Trade Compliance

The World Customs Organization (WCO) has released the Arabic version of the Post-Clearance Audit Guidelines, Volume 2, translated by Jordan Customs. This aims to enhance post-clearance audit efficiency in Arabic-speaking regions. The guidelines, consisting of two volumes, are tailored for customs management and frontline auditors, offering strategic guidance and practical operational advice to promote global trade compliance. It provides valuable insights and tools for effective audit processes and strengthens overall customs control.

01/26/2026 Customs Knowledge
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Eus GPSR Compliance Guide Aims to Prevent Costly Penalties

Eus GPSR Compliance Guide Aims to Prevent Costly Penalties

The EU's GPSR regulation is coming into effect, making compliance and a reliable EU Representative (EU Rep) crucial. Different platforms have varying requirements, leading to high risks of non-compliance. Choosing a trustworthy EU Rep is essential. Dianxiaomi Kuaxintong is a compliant option for businesses seeking to navigate these regulations effectively, ensuring smooth operations within the EU market and mitigating potential penalties associated with non-compliance. Selecting a reputable EU Rep is a key factor for success in cross-border e-commerce under the new GPSR framework.

01/26/2026 Customs Knowledge
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Guide to VAT Compliance for Ecommerce Sellers in Europe

Guide to VAT Compliance for Ecommerce Sellers in Europe

This article provides a detailed guide for cross-border e-commerce sellers on VAT payment in six European countries (UK, Germany, France, Italy, Spain, and Austria). It covers various methods, including bank transfers, third-party payment platforms, and tax accountants, to help sellers comply with regulations and efficiently complete tax declarations and payments, avoiding tax risks. This guide aims to streamline the VAT payment process and ensure sellers meet their European tax obligations effectively.

01/26/2026 Customs Knowledge
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Key Preparations for Exporting Adhesives and Glues

Key Preparations for Exporting Adhesives and Glues

When exporting glue and adhesives, it is essential to first determine if they are classified as hazardous materials and prepare the necessary documentation. This includes the MSDS, safety assessments, hazardous goods packaging certificates, and all required customs documentation to ensure compliance during inspection. These steps help facilitate a smooth export process and avoid potential issues.

07/17/2025 Logistics Encyclopedia
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Hong Kong Strengthens Regulation On Lithium Battery Shipments Concealed Declarations Will Face Heavy Penalties

Hong Kong Strengthens Regulation On Lithium Battery Shipments Concealed Declarations Will Face Heavy Penalties

The Hong Kong Civil Aviation Department has intensified its regulation of lithium battery shipments, with severe penalties for concealment of declarations. Shippers and agents who hide lithium batteries may face fines of up to HKD 250,000 and two years of imprisonment. Businesses and customers must strictly adhere to transportation regulations to ensure safety and compliance.

07/28/2025 Logistics
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Chemical Industry Adopts Resilient Sustainable Supply Chains

Chemical Industry Adopts Resilient Sustainable Supply Chains

This paper explores the challenges and opportunities within the chemical supply chain, emphasizing the importance of safety, compliance, cost optimization, and sustainability. Maersk offers comprehensive integrated logistics solutions, including a deep understanding of chemical classifications, end-to-end supply chain management, stringent safety standards, flexible customization, digital transformation, and sustainability initiatives. These solutions empower businesses to enhance efficiency, build resilience, improve customer service, and achieve their sustainable development goals. The focus is on providing tailored solutions to meet the unique demands of the chemical industry.

09/28/2025 Logistics Industry Insights
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Air Cargo Industry Adopts IATA DGR Certification for Safety

Air Cargo Industry Adopts IATA DGR Certification for Safety

IATA-DGR certification is the authoritative certification in the field of dangerous goods air transport, symbolizing professional competence and ensuring safety and compliance. Obtaining DGR certification through professional training and rigorous examinations enhances your professional skills and safeguards air cargo safety. It demonstrates a commitment to adhering to international regulations and best practices for handling and transporting hazardous materials by air, contributing to a safer and more secure air cargo environment. This certification is crucial for professionals involved in the air transport of dangerous goods.

10/18/2024 Logistics Encyclopedia
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