ASEAN Trade Expands with RMB Settlement for Export Rebates

ASEAN Trade Expands with RMB Settlement for Export Rebates

This paper interprets the RMB settlement export tax rebate policy, focusing on its application in ASEAN trade. Companies trading with countries that have signed RMB trade circulation agreements can apply for tax rebates if the contract and payment are in RMB and an RMB account is opened. Businesses should closely monitor policy updates and strengthen cooperation with financial institutions to fully utilize the convenience of RMB settlement. This facilitates smoother trade transactions and potentially reduces exchange rate risks within the ASEAN region.

08/22/2025 International Settlement
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US Faces Highway Trust Fund Crisis As Infrastructure Funding Woes Deepen

US Faces Highway Trust Fund Crisis As Infrastructure Funding Woes Deepen

The US Highway Trust Fund (HTF) has long faced funding shortages. The gas tax, unchanged since 1993, has hindered infrastructure projects. Short-term extensions offer temporary relief but fail to address the underlying problem. A bipartisan consensus is needed to find a long-term solution, and raising the gas tax may be a viable option. The HTF's financial woes necessitate a comprehensive approach to ensure the nation's infrastructure can be adequately maintained and improved, supporting economic growth and public safety.

01/19/2026 Logistics Industry Insights
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DOJ Expands Whistleblower Program to Tackle Customs Fraud

DOJ Expands Whistleblower Program to Tackle Customs Fraud

The U.S. Department of Justice has expanded its pilot program for corporate whistleblower rewards to include customs fraud and tax evasion. Rewards can reach up to 30% of the forfeited amount. This aims to combat tax evasion tactics like misrepresenting the origin or misclassifying goods, maintaining a fair trade environment. Insiders and competitors with relevant information are encouraged to report, but should be aware of the risks and seek professional assistance. Companies should strengthen compliance operations to avoid legal pitfalls.

01/15/2026 Customs Knowledge
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Logistics Firm NPE Guarantees Faster Europeuk Shipping

Logistics Firm NPE Guarantees Faster Europeuk Shipping

NPE's dedicated European and American line has been significantly upgraded, boosting speed and efficiency. We offer both express delivery and truck delivery options, along with dual-track logistics solutions including tax-inclusive and tax-exclusive services. Our professional team ensures efficient customs clearance, supported by a global transportation network and overseas warehousing. We are committed to providing customers with efficient, convenient, high-quality, and secure one-stop cross-border logistics services. We are focused on optimizing supply chain performance and exceeding customer expectations.

01/15/2026 Logistics
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Lesotho Revenue Authority Adopts Competencybased HR Reform

Lesotho Revenue Authority Adopts Competencybased HR Reform

The Lesotho Revenue Authority (LRA), with support from the World Customs Organization, is actively modernizing its GRH system based on competency models. Through the establishment of working groups, development of competency models, and participation in customized training programs, the LRA aims to improve employee quality, enhance organizational effectiveness, and strengthen organizational competitiveness. This experience provides valuable lessons for other tax authorities. The transformation focuses on building a skilled and efficient workforce to effectively manage tax administration and contribute to national development.

01/26/2026 Customs Knowledge
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Sea Freight Export Shipping Process Overview

Sea Freight Export Shipping Process Overview

This article provides a detailed analysis of the key steps in ocean freight export shipping, including reviewing letters of credit, preparing goods for inspection, booking cargo, arranging insurance, consolidating shipments, customs declaration, and loading. It offers practical operational guidelines to significantly enhance the efficiency of ocean freight exports, thereby laying a solid foundation for international trade.

07/22/2025 Logistics Encyclopedia
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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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Guide to Dutyfree Shipping for Small Parcels

Guide to Dutyfree Shipping for Small Parcels

This article provides an in-depth analysis of duty exemption policies for international small packets, detailing the types of goods more likely to qualify for tax relief, such as charitable aid, humanitarian assistance, policy-supported items, and compliant low-value goods. It offers a guide to avoid common pitfalls, reminding sellers to steer clear of high-risk products. The importance of accurate declaration, understanding destination country policies, and consulting professionals is emphasized, helping cross-border e-commerce businesses optimize tax costs and maximize profits.

11/03/2025 Customs Knowledge
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