The Fiji Times » Customs Fraud
The Fiji Revenue and Customs Service will not tolerate customs evasion as it deprives the Fiji government of revenue through customs duties and taxes that would otherwise be used to fund vital public servi...
Revised tax on coal imports to raise electricity tariffs
The revised uniform taxation applied by the Bureau of Customs (BoC) on imports of Indonesian coal used for power generation will drive up electricity tariffs, industry players say.
As noted, the magnitude of ...
Revised taxation on coal imports to raise electricity tariffs – Manila Bulletin
The revised uniform taxation applied by the Bureau of Customs (BoC) on imports of Indonesian coal used for power generation will drive up electricity tariffs, industry players say.
As noted, the magnitude of...
New wheels: Ready to upgrade your car in 2022? | The Advertiser – Cessnock
Over 95,256 new vehicles were sold in Australia in August, up 17.3% from the same period last year. Photo Shutterstock.Story in partnership with Savvy. If you've been planning on buying a new car this year, y...
Bentley found in Karachi DHA was imported by Bulgarian envoy – Pakistan
The Bentley confiscated by customs.
KARACHI: The Bentley Mulsanne, believed to have been stolen in the UK and recovered in a raid by Defense Housing Authority (DHA) customs officers, was im...
Government launches raids on suspected sugar hoarders
As sugar prices have remained high and although there is a permanent inventory of stocks, the government has started to raid bonded warehouses (CBWs) which the Bureau of Customs (BOC) suspects are stockpi...
The United States Court of Appeals for the Federal Circuit overturns the United States Court of International Trade’s decision that would have allowed Customs to reject the declared value based on the “first sale” rule or price of “related parties” if the non-market economy “influenced” the buyer or the seller | White & Case srl
A recent opinion (August 11, 2022) from the United States Court of Appeals for the Federal Circuit ("CAFC"), Meyer Corp., US v. United States,1 allayed many concerns that an earlier U.S. Court of International...
New customs chief Ruiz steps up surveillance against agricultural smugglers
Bureau of Customs (BOC) | FILE PICTURE
New customs commissioner Yogi Filemon Ruiz pledged on Wednesday to step up operations against contraband agricultural products, including with President Marcos himself ...
BoC seizures of contraband agricultural products exceed 700 million pesos since the beginning of the year
PHILIPPINE STAR/EDD GUMBAN
The Bureau of Customs (BoC) said it seized 701.82 million pesos worth of contraband agricultural products in the period ending August 7.
“In addition, the BoC...
Need to declare all imported goods upon arrival in Brunei | Daily Express Online
Need to declare all imported goods upon arrival in Brunei
Published on: Saturday 06 August 2022
From: Nikko Fabian
Text size:
He said anyone found guilty of making a false or incorrect statement...
How to avoid customs fees and Canadian taxes when shopping online
Here are some tips from the CBSA (who charges you the fees).
Like many people, I placed an order online and waited impatiently for it to arrive only to receive a text message asking that I pay import ta...
Balochistan region: record collection of 99.7 billion rupees by customs – Pakistan
QUETTA: The Collectorates of Customs in the jurisdiction of the Chief Collector's Office Balochistan, Quetta set a new record and collected historic revenue amounting to Rs 99.7 billion in the financial year 20...
Indian customs payment limit when traveling from USA to India
Although it is safer to carry cash in the form of a credit or debit card if you are traveling to India from the United States, it is convenient to bring some banknotes with you for your daily expenses. Howev...
A low price for contraceptives is demanded while the peso remains weak
THE Commission on Population and Development (Popcom) will recommend lower prices for modern contraceptives as the peso continues to depreciate against the dollar.
Popcom executive director and underse...
Russian importers rush to have HS codes changed on products facing ‘secondary use’ sanctions
By Chris Devonshire-Ellis
Unsanctioned Russian companies are rushing to their US and European suppliers to demand HS code changes after 'secondary use' issues with sanctions prohibit their export to Russia.
“...
Navigating Tours in Ireland and Europe Post-Brexit and Covid: A Case Study
I have been touring Ireland and mainland Europe (Holland, Germany, Belgium, Denmark, Spain) regularly — usually once a year, sometimes more — since 2008.
My European tours have always provided an important par...
Freight forwarder charged with attempted smuggling in 2021
A FREIGHT freight forwarder who was jailed for importing 100,000 cigarettes into Australia has been fined $20,000 for smuggling 7,000 liters of alcohol in the same shipping container.
The man, a So...
Man is heavily fined for smuggling 7,000 liters of popular Korean liquor
A man already serving a prison sentence for importing illicit tobacco into Australia was today fined $20,000 by Perth Magistrates Court after pleading guilty to a separate offense of smuggling tobacco liquor un...
Foreigners must declare gold/silver jewelry worth more than ₹50,000: HC
Judge dismisses case filed by Sri Lankan family against being fined for failing to declare 1,594kg of gold jewelry worn by them
Judge dismisses case filed by Sri Lankan family against being fined for fa...
From rattan to orchid: Surprising items that are illegal to take out of Malaysia
Good planning is the key to a smoother travel experience at the airport. Knowing what you can – or cannot – put in your carry-...
Customs Duty Rates in Pakistan on Imports
Section 18 of the Customs Act 1969 has defined the rate of customs duty in Pakistan on the importation of goods.
The Federal Board of Revenue (FBR) has released an update to the Tariff Act of 1969 thro...
Full Federal Court examines director’s personal liability for non-payment of import duties
The recent decision of Hurley vs. Collector of Customs FCAFC 92 provides a warning to importers of excisable goods. The case was to determine whether Mr. Hurley (a director/shareholder of the importer) ha...
Customs: non-payment of duty did not result in failure to keep goods safe
The Full Federal Court ruled that the phrase "does not hold safe goods” in section 35A(1) of the Customs Act 1901 did not apply to circumstances in which duty was not paid after the authorized delivery of the...
Opposition calls for investigation into illegal importation of chicken parts
Opposition agriculture spokesman Lothan Cousins blamed the illegal import of chicken parts into the country and called on the government to launch an investigation to get to the bottom of the matter.Cousins ...
Cousins want government to investigate illegal import of chicken parts
Chicken necks
KINGSTON, Jamaica – Opposition agriculture spokesman Lothan Cousins has called for an investigation into what he allege...
TSI001400 – Temporary Storage of Imports – HMRC Internal Manual
Installations in UK
These facilities in the UK are known as:
Internal Temporary Storage Facility (ITSF) an approved place located within the designated area of ...
Lawmaker pushes farm smuggling investigation
REPRESENTING. Sharon Garin from the AAMBIS-Owa (Ang Asosasyon Sang Mangunguma Nga Bisaya-Owa Mangunguma, Inc.) party list called for an investi...
Zimbabwe: Zim Dollar reprieve for car imports
The new regulations allowing half duty on car imports to be paid in Zimbabwean dollars have now been officially published in Statutory Instrument 72A of 2022 by the Minister of Finance and Economic Developmen...
Zim dollar reprieve for car imports
the herald
Herald Reporter
The new regulations allowing half duty on car imports to be paid in Zimbabwean dollars have now been officially published in Statutory Instrument 72A of 2022 by the Minister of Fina...
Congress cancels normal trade relations with Russia and opens the door to high tariffs
Congress gave final approval on Thursday to suspend normal trade relations with Moscow, giving President Biden more leeway to impose tariffs on Russian goods and further weaken the Russian economy as punishment...
Customs duties: net collection for the first half jumped 42.8 pc to 477.2 billion rupees
ISLAMABAD: About 77% of tariff collection was contributed by 15 major commodities, including vehicles, iron and steel, fuels/mineral oils, paper and paperboard, and oilseeds between July and December (2021-22)....
Duty-free imports jumped 42% in February
ISLAMABAD: The massive influx of duty-free goods has posed a serious threat to the government's efforts to reduce the overall import bill, which could lead to a higher-than-expected trade deficit in the current...
2022 trade concerns for manufacturers
Over the past few years, manufacturers have faced a myriad of business challenges. While many of these challenges remain in 2022, two important trade issues deserve increased attention this year: tariffs and f...
CESTAT allows the reimbursement of CVD and SAD under the GST Act
By Rasheela Basher - March 3, 2022 4:32 p.m.
The Delhi Bench of CESTAT observed that when the company has paid CVD and SAD during the GST regime, the same is eligible as a refund under the provisions ...
In the Age of Russia Sanctions, U.S. Importers Cannot Ignore Customs Compliance Risks – International Law
To print this article, all you need to do is be registered or log in to Mondaq.com.
In response to Russia's invasion of Ukraine, countries around the world – including historically neutral s...
These things about customs price inspection (I)
Overview:
This note contains approximately 3000 words and takes approximately 10 minutes to read.
Abstract: Customs inspection is a common means of customs supervision, but also an important means for cus...
These Things About Customs Price Inspection (II)
II. General consequences of customs price control
The customs price inspection is officially initiated when the company receives the customs inspection notice. The inspection is usually notified to the com...
Risks of “supplier discount” in international trade
A A particular sales model, "supplier-provided discounts", refers to the situation where a supplier sells something to a buyer at a given price, and the buyer then sells the same goods to a third ...
KEPZ investors urge government to scrap general sales tax
CARACHI:
The businessmen have urged the government to remove the General Sales Tax (GST) imposed on industries in the Karachi Export Processing Zone (KEPZ).
Speaking to The Express Tribune, businessman Ah...
Morrison obtained a copy of the report into Tudge’s allegations on January 28; Dutton’s comments on China ruled out of order
Prime Minister Scott MorrisonThe 60 minute interview is hot on everyone's lips this morning, with a bit of a ukulele shade - I've heard half a dozen doorstops or Labor interviews this morning, and they've all...
DGFT Publishes Quota Allocation Procedure for Import of Calcined/Crude Petroleum Coke
By Mariya Palwala - February 11, 2022 4:48 p.m.
The Director General of Foreign Trade (DGFT) has issued the procedure for allocating the calcined/crude petroleum coke import quota.The Supreme Court, i...
Hot Topics in International Trade – February 2022: Shiny New Machines – Amendments to Chapter 84 of the Harmonized Tariff Schedule | Braumiller Law Group, PLLC
1. Rights to 3D printers
Machines for additive manufacturing, aka 3D printers, are now covered by customs tariff heading 8485 – at the price of ad valorem duties of between 2.5% and 3.1%. The new topic is ac...
Non-UAE Resident Indians, Follow These Customs Duty Rules
Dubai: A large majority of the expat population in the UAE are Indian citizens, some of whom have spent decades in the country and face the prospect of one day having to return to their home country. ...
Explained: What is corporate tax, how does it affect expats, entrepreneurs in the UAE?
Dubai: After the United Arab Emirates on Monday finalized the implementation of corporate tax from June next year, it is essential to understand what this form of taxation simply means and how it affects expat...
Import GST Deferral Scheme (IGDS)
Under the IGDS, approved GST-registered businesses pay GST on import payments when their monthly GST returns are due rather than at the point of importation.
Objective...
US rebuffs claim they overcharged BASF’s vitamin A imports
By Hailey Konnath (January 24, 2022, 9:16 PM EST) — The US government on Monday fought allegations that it overcharged German multinational chemical company BASF Corp. for vitamin A imports, arguing tha...
Trader charged with tax evasion
…OAG recovers Nu 43 million from mining deal after 11 years
Rinzin Wangchuk
After reviewing the investigations, the Office of the Attorney General (OAG) will charge a trader, Ugen Auto in Phuentsholing,...
BOC-NAIA stops illegal trade in bearded dragon and tegu lizards declared as children’s toys – UNTV News
Manila, Philippines - The Customs Office (BOC) has recorded levies amounting to £ 3 billion from pigmeat imports under a reduced tariff system, the Department of Finance (DOF) said.In a statement,...
Customs: schedule of contraventions from January 1, 2021
001
December 23, 2003
Section 35(1) of the Act To declare in the form and manner containing the particulars prescribed by customs.
The vehicle operator (£1,000).
00...
Dominguez OK to import more pork until 2022
With nearly 3.7 billion pesos in revenue lost to date due to lower tariffs but still expensive pork and a shortage of supplies until the end of the year, Finance Secretary Carlos Dominguez III said on Monday...
Dominguez agrees to import more pork until 2022 as farmers lament heavy losses from increased rice imports
APPLICANT FOR PHOTO FILE / GRIG C. MONTEGRANDE
Manila, Philippines - Finance Secretary Carlos Dominguez III on Monday said he supported measures to extend the volume of pork imports until the end of next year...
Contraband spiders in mail intercepted in Pasay – BOC – UNTV News
Manila, Philippines - The Customs Office (BOC) has recorded levies amounting to £ 3 billion from pigmeat imports under a reduced tariff system, the Department of Finance (DOF) said.In a statement,...
Duty-free imports jump 67% in four months
KARACHI: Duty-free imports grew 67% in the first four months (July-October) 2021 following an increase in the total import bill.
According to official data, the rate of cl...
Customs seize 1 billion pesos of counterfeit goods in Pasay – UNTV News
Manila, Philippines - The Customs Office (BOC) has recorded levies amounting to £ 3 billion from pigmeat imports under a reduced tariff system, the Department of Finance (DOF) said.In a statement,...
PPA 3 billion collected from pork imports
The Customs Office (BOC) has so far collected 3 billion pesos from pigmeat imports, but expects losses of 3.4 billion pesos due to the lower tariff regime, acco...
Customs lose P3.4 B due to lower pork tariffs – Manila bulletin
The Customs Office (BOC) recorded a shortfall of 3.4 billion pesos due to lower pork import tariffs, the Ministry of Finance (DOF) reported on Monday, November 22.
The tax collection losses stem...
Contraband jet skis and motorcycles worth 3.9 million pesos seized in Manila – UNTV News
Manila, Philippines - The Customs Office (BOC) has recorded levies amounting to £ 3 billion from pigmeat imports under a reduced tariff system, the Department of Finance (DOF) said.In a statement,...
CESTAT allows the reimbursement of the amount on the LPG authorized under the PDS exemption
Through Mariya Paliwala - October 16, 2021 5:24 pm
In major relief to Reliance Industries, the Ahmedabad Customs, Excise and Service Tax Appeals Tribunal (CESTAT) authorizes reimbursement of the LPG ...
SingPost allows cashless payment of GST / duty for imports from November 1, pay before you receive delivery
SingPost customers must pay GST for imports via cashless methods before receiving delivery
UPDATE (October 6, 6:25 p.m.): An earlier version of this article stated that SingPost would charge GST on imports. ...
Illegal imports destroyed | Buckle PNG
The destruction exercise was carried out just outside Port Moresby in the presence of customs, police and health workers from NCDC (food sanitation).
“Six containers in total, three of 40 f...
Customs destroy illegally imported goods – EMTV Online
PNG Customs carried out its largest destruction exercise to date with the destruction of various contraband and illicit goods seized imported with over K 30 million in duties and taxes.
Due to border com...
Customs accuse embassies of encouraging smuggling – :::… The Tide News Online :::…
Another mode of vehicle smuggling across land borders hiding under the diplomatic cover of embassies has been discovered by the Nigerian customs service at the Seme border in Lagos.The controller of the custom...
VAT: five northern states, two southwestern states and two south-south states as main beneficiaries
Five northern states, two southwestern states, two south-south states and one southeastern state collected a total of 373.84 billion naira on the value-added tax allowance of 836.51 billion naira available to...
Five states in the North, two in the Southwest, two in the South-South among the main beneficiaries
Temitayo Jaiyeola, Amarachi Orjiude, Dayo Adenubi and Adepeju Adenuga
Posted September 13, 2021
Five northern states, two southwestern states, two south-south states and one southeastern state collecte...
LATEST: South African security destroys makeshift bridge over Limpopo River
The Chronicle
Thupeyo Muleya, Beitbridge Office
On Thursday afternoon, South African security officers had to shoot crocodiles who wanted to attack them as they destroyed a makeshift bridge built by smugglers...
Import revenues rise on global Covid recovery
By Joséphine Christophe
Dar es Salaam. The global economic recovery is keenly felt in Tanzania, with official data showing an increase in import duties, propelled by a rebound in economic...
Afghanistan’s duty-free imports increase 73% in FY21
KARACHI: The Peshawar Model Customs Collectorate (MCC) said the volume of duty-free imports from Afghanistan increased by 73% in fiscal year 2020/21.
The volume of imports from...
Nigeria’s current food system is weak, vulnerable to shocks – Minister – :::… The Tide News Online :::…
The Petroleum Product Prices Regulatory Agency (PPPRA) yesterday reported that 85,264,803 metric tons (MT) of liquefied petroleum gas (LPG) were delivered nationwide in August.The agency's executive secretary,...
Afghan uncertainty could negatively impact duty / tax collection: Pakistan Customs
KARACHI: Pakistani customs said the uncertain political situation in Afghanistan could hamper border trade and negatively impact the collection of duties and taxes.
The P...
Maltapost waives handling charges for the delivery of items with prepaid VAT
Maltapost has chosen to waive handling fees for items for which VAT has been paid at checkout, with the postal company saying the change will reduce costs and speed up delivery of online products purchased out...
Trade mess occupies this customs broker
As the global economy comes back online, traffic jams are occurring at all levels of supply chains. And that, in turn, m...
Pro Bono Partner promoted to Ireland’s largest law firm
Matheson, Ireland's largest law firm, has appointed Niamh Counihan as a pro bono partner. Niamh will devote 50% of her professional time specifically to pro bono legal activities, with the remaining 50% dedic...
Elimination of non-taxable customs valuation charges
Just as taxable income is a primary consideration in determining income tax, customs value is used to calculate duty payable. To determine an accurate customs value, companies must take into account certain t...
To pay or not to pay to get goods through Irish Customs in the past
Old British Customs ensignFilled with handwritten details from customs officials of the movement of all manner of goods across the border between 1937 and 1945, the 100-page register is an intriguing chronicle...
The DGFT extends the deadline for updating the IEC on an annual basis for fiscal year 2021
Through Taxscan team - July 1, 2021 at 12:37 p.m.
The Director General of Foreign Trade (DGFT) has extended the deadline for updating the Importer-Exporter Code (CEI) on an annual basis for fiscal ye...
Two men arrested as they attempted to smuggle iPhone $ 136,000 into India
Source: Hyderabad Customs
Two men were arrested at Rajiv Gandhi International Airport in Hyderabad after attempting to smuggle 80 iPhones into India without paying the required taxes.
Originally from Sharjah i...
Budget 2021: Proposed changes to excise taxes and duties, and imposition of a new sales tax on luxury products – Tax
Budget 2021 proposes to update Canada's current excise tax and duty regime by amending both the Excise Tax Act (the "ETA")1 and Excise Act 2001 (the "EA"),2 and also impose a special sales tax on certain lu...
BoC sets rules for goods cleared through informal entry
WITH THE AUTHORIZATION OF THE CUSTOMS OFFICE
THE CUSTOMS BUREAU (BoC) said goods imported for personal use valued at less than 50,000 pesos will be cleared through an informal entry ...
Guide to import and export procedures in Singapore
In keeping with Singapore's conducive business environment, the country's import and export procedures are relatively efficient and straightforward, and the necessary permits and licenses are issued relative...
Pakistan’s trade deficit in May increases by 134%
Representative imageIslamabad , June 3 (ANI): Pakistan's merchandise trade deficit in May swelled 134% from a year earlier due to weaker export earnings and higher than expected imports, data shows from the ...
Trade deficit increases by 134pc – Journal
ISLAMABAD: Pakistan's merchandise trade deficit in May increased 134% from a year ago due to lower export earnings and higher than expected imports, showed Wednesday data from the Ministry of Commerce.
The...
Sales tax remains the main contributor to income in July-December
ISLAMABAD: Sales tax remained the main contributor to revenue with a 41.5% share in total Federal Board of Revenue (FBR) tax collection in the first half (July-December) 2020-2021, followed by direct taxes w...
What is a customs bonded warehouse?
Welcome to Thomas Insights - every day we post the latest news and analysis to keep our readers up to date with what's happening in the industry. Sign up here to receive the best stories of the day straigh...
Upcoming tax increases for Victorian landowners
The 2021/2022 Victorian state budget is due to be released Thursday, May 20, but the Victorian government has already announced significant tax increases and a new tax affecting property owners:
Property t...
Singapore applies its net GST on low value goods and services imported into Singapore
As of January 1, 2023, the OVR regime will be expanded to include remote services
...
Budget 2021: Proposed changes to excise taxes and excise duties and imposition of a new luxury sales tax
Budget 2021 proposes to update Canada's current excise tax and duty regime by amending Excise Tax Act (the "ETAâ€) and Excise Act 2001 (the "EAâ€), and also impose a spe...
Why Biden should renew Fast Track
A front row seat in Republicans' foreign policy debate, including their criticism of the Biden administration.
April 27, 2021 at 1:05 p.m.
In 2018 t...
Is the cement of Vietnam thrown away? – Malaysia Business Insight
No match. Local cement makers, they say, are unable to match the low prices offered by importers, even as demand for the product, fueled by stable construction activity, remains firm. (Photo DBM) The Depa...
Duty-free imports increase to 2.6 trillion rupees
KARACHI: Import volume of duty-free products rose to 2.6 trillion rupees in fiscal year 2020, from 2.44 billion rupees in previous fiscal year, up 6.4 trillion % despite government efforts to reduce th...
Obligation-free imports enhance to 2.6 trillion rupees
KARACHI: Import quantity of duty-free merchandise rose to 2.6 trillion rupees in fiscal yr 2020, from 2.44 trillion rupees in earlier fiscal yr, up 6.4 trillion % regardless of authorities efforts to s...
Tripura HC allows the benefit of the exemption notification because the basic excise duty was exempt on the final product but other duties were applicable
Through Taxscan team - March 25, 2021 9:21 p.m.
Annual subscription to Taxscan @ 599 @ 420 + GST
* Offer extended until June 30
Annual subscription to Taxscan @ 599 @ 420 + GST
* Offer extended ...
Keeping the CPTPP as a Spare Tire: The New and Different Automotive Rules of Origin Under the CUSMA and the CPTPP
The North American automotive sector is facing significantly more rigorous content rules since the Canada-United States-Mexico Agreement (“CUSMAâ€) replaced the North Amer...
Singapore GST Adjustments for 2021: How Companies Ought to Put together
There will probably be a number of modifications to Singapore's product and gross sales tax regime from 2021 that companies ought to concentrate on.
The GST hike won't happen in 2021 and can stay on the cha...
CBP Aggressively Investigating QSP Imports From Malaysia Via EAPA – Commentary
introductionAPS surveysScope of APS surveysWhat this means for importersintroductionUS Customs and Border Protection (CBP) relies on the Enforce and Protect Act (EAPA) to target various industries based on sus...
KRA warns Kenyans in opposition to fraudulently registered motor autos
The Kenya Income Authority (KRA) has sounded the alarm over the rising use of fraudulently registered motor autos, together with these with unpaid import duties.
The tax authorities subsequently solid their ...
Attainable undervaluation of focused meat imports
The Customs Workplace (BOC) plans to start auditing pork and hen imports that entered the nation final 12 months in April, to look at undervaluation, amongst different customs compliance points.
Deputy C...
The United States Court of International Trade suggests that customs may reject declared value based on the “first sale” rule or “related party” prices if a non-market economy could have “swayed” the buyer or seller | White & Case LLP
A recent opinion (March 1, 2021) from the International Trade Tribunal ("CIT"), Meyer Corp. v. United States,1has potentially broad implications for global supply chains, as it challenges the use of the "fi...
GBC – Gibraltar Information – GBC TV and Radio Gibraltar
Crude oil was the primary product imported from the UK to Gibraltar in 2020. In response to figures launched by the UK authorities, 435 million kilos of crude...