The Tribunal held that declaring viscose fabric while importing polyester amounted to mis-declaration, justifying rejection of transaction value, confiscation, and penalty equal to duty ...

The Tribunal held that transaction value could not be rejected without evidence or proper application of valuation rules. Arbitrary enhancement and penalties were quashed for lack of comparables and ...

It brings service exporters within the formal reporting system, adding transparency. It also eases compliance for smaller ...

The Nigeria Customs Service (NCS) has announced the commencement of a new standard operating procedure (SOP) to regulate courier companies operating under the delivered duty paid (DDP) incoterm.

Importers and logistics-intensive businesses without a bullet-proof trade and Customs compliance strategy, and strong due diligence process, have serious cause for concern.

Some 300 brand new vehicles have been stranded at the Hambantota Port for more than six months, with individual importers ...

Rationalising import duties and stepping up budgetary allocations in the upcoming Union Budget could give a strong push to ...

The surge in silver imports comes at time when gold has slipped and petroleum growth slowed, likely driven by global price ...

An unravelling trade order is undermining the basic principles of global commerce and putting countries like India at risk.

Eighth commerce secretary-level meeting in Dhaka agrees to conclude PTA draft, rules of origin and product list within three ...

Industry and policy experts are divided over whether easing customs duties on SEZ domestic clearances will strengthen India’s ...

Stormont has heard concerns about a two tier economy within the UK and increased costs to Northern Ireland businesses and ...