The concepts of free storage period and free container period are crucial in shipping. The free storage period refers to the timeframe during which containers can be stored at the terminal or yard without charge, while the free container period is the duration that the cargo owner can use the container for free. For imports, the common total of free storage and free container periods is 14 days, while for exports, it is usually 7 days.
The new WCO regulations clarify that franchise and brand royalties are not included in customs valuation if they are not directly related to the imported goods. Businesses need to understand the criteria for determining this direct relationship to minimize trade costs. This clarification provides greater certainty and potentially reduces the customs duties payable on imported goods where franchise or brand royalties are involved but are unrelated to the specific characteristics or production of those goods.
This article analyzes whether franchise fees should be included in the customs valuation of imported goods. According to the Customs Valuation Agreement, only fees related to the imported goods themselves should be included. Case studies suggest that if the imported goods do not inherently contain intellectual property, and the franchise fees primarily cover branding and operational systems, they should not be included in the customs valuation. Businesses need to conduct data analysis, clearly define the terms of the agreement, and seek professional advice to ensure accurate valuation and compliance.
The World Customs Organization issued a new advisory opinion clarifying that franchise fees should not be included in the customs valuation of imported goods under specific circumstances. Originating from a Mexican case and confirmed by the Technical Committee on Customs Valuation, this opinion aims to reduce import costs for businesses and enhance customs valuation transparency. Companies should study the opinion, assess their franchise agreements, and communicate with customs authorities to ensure valuation compliance and capitalize on trade opportunities. This helps in correctly determining the dutiable value and avoiding potential penalties.
Ozon launches a program offering free transfer of "prime location" pickup points, aiming to retain valuable locations and simplify the exit process for original owners. The initial locations are in cities like Moscow and Yekaterinburg, with new owners not required to pay a deposit. While franchise enthusiasm has cooled slightly, the total number of pickup points continues to grow, indicating a promising future for community e-commerce. This presents a low-cost opportunity for aspiring e-commerce entrepreneurs to enter the market.
Jiuzhou Logistics Network provides comprehensive information on truck affiliation, franchise, and recruitment, featuring a selection of high-quality logistics companies covering various regions and service types. Choosing affiliation or franchise options can reduce operating costs, secure stable cargo sources, enhance bargaining power, expand business channels, and enjoy professional services. Choose Jiuzhou Logistics Network to make your logistics journey smoother and more successful!
This paper introduces a set of financial report templates with pre-set formulas, covering various types of income and expenditure accounting. It aims to address the issue of low efficiency in month-end financial accounting. The solution can automatically calculate, summarize data, and generate visual charts, improving the accuracy of financial decision-making. However, it is for learning and communication purposes only and commercial use is prohibited.
This article provides 6 practical inventory management Excel templates with built-in formulas and one-click chart generation. Covering functions like reconciliation, purchase planning, and inventory alerts, these templates can be directly applied to significantly improve management efficiency. They are suitable for small and medium-sized enterprises (SMEs) and individual business owners.
With the rapid growth of e-commerce, the express industry faces numerous challenges, particularly regarding service quality issues stemming from the franchise model. Consumers frequently experience delays, misdeliveries, and lost packages, with many express deliveries being returned due to the closure of regional outlets. While the franchise system has promoted industry development, it has also led to service disruptions as franchisees prioritize their own interests. Moving forward, the express industry needs to transition towards a self-operated model to enhance service quality and overall efficiency.
The free container period allows cargo owners to use containers without charge. If the period is exceeded, fees apply. This period is typically 7 days but may be extended upon request to manage logistics effectively.
