China Revises Export Tax Rebate Rules for Key Industries

China Revises Export Tax Rebate Rules for Key Industries

New regulations from the State Taxation Administration clarify that export enterprises failing to file for tax rebates within the prescribed period must still file tax returns. However, extensions may be granted in special circumstances or with approval. Enterprises engaged in processing trade with imported materials are required to calculate output tax according to regulations. Timely filing is crucial. If you encounter any problems, promptly communicate with the tax authorities.

09/26/2025 Customs Knowledge
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Global Art Transport Faces Insurance Valuation Challenges

Global Art Transport Faces Insurance Valuation Challenges

Art transportation insurance requires precise valuation assessment and comprehensive risk coverage. Key considerations include proof of value, appraisal reports, and replacement costs to determine adequate coverage. Customized insurance plans are essential to address the unique challenges and potential risks associated with transporting valuable artworks. Focusing on these aspects ensures that the insurance policy effectively protects against damage, loss, or theft during transit, providing peace of mind for collectors and institutions alike.

11/03/2025 Logistics Encyclopedia
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Streamlining Customs Declarations for Smoother Global Trade

Streamlining Customs Declarations for Smoother Global Trade

Customs declaration is a crucial step in the customs clearance process for import and export goods, serving as a formal statement of the goods' type, quantity, and value. Accurate and compliant declarations help businesses fulfill their legal obligations, expedite clearance, avoid legal risks, and provide data support for national trade statistics. It is typically handled by customs brokers or freight forwarding companies. Accurate declaration is the key to smooth international trade.

11/03/2025 Customs Knowledge
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Businesses Urged to Adopt Cargo Liability Coverage

Businesses Urged to Adopt Cargo Liability Coverage

Freight liability insurance protects cargo owners from claims arising from third-party losses caused by goods in transit. Purchasing this insurance transfers risk to the insurer, meets carrier contractual requirements, and safeguards business financial security. Businesses should select an appropriate insurance plan based on their specific risk profile. It offers peace of mind during the transportation process and helps mitigate potential financial burdens associated with accidents or damages.

11/03/2025 Logistics Encyclopedia
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Wcos New Harmonized System Index Streamlines Customs Searches

Wcos New Harmonized System Index Streamlines Customs Searches

The World Customs Organization (WCO) offers the 'Harmonized System Compendium and Alphabetical Index,' a comprehensive, alphabetically organized index of commodities mentioned in the Harmonized System (HS) and its Explanatory Notes. This resource assists importers, exporters, customs brokers, and others in quickly and accurately finding HS codes, thereby improving trade efficiency and reducing operational costs. It is available through online subscription or purchase, providing easy access to essential commodity classification information.

11/03/2025 HS Code Query
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Exploring Key Elements of the New Customs Declaration: The Significance of Consignors and Production Sales Units

Exploring Key Elements of the New Customs Declaration: The Significance of Consignors and Production Sales Units

In the new customs declaration form, the definitions and reporting requirements for consignees, consignors, and production and sales units are crucial. The consignee and consignor must be legally registered entities, ensuring they are party to the foreign contract. In special cases, the contract executing entity must be specified. The production and sales unit must report the organization that actually participates in the production or sale of goods to ensure accurate information.

07/21/2025 Customs Knowledge
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Understanding the World Cargo Alliance in International Freight Forwarding

Understanding the World Cargo Alliance in International Freight Forwarding

WCA, or the World Cargo Transport Alliance, is the largest independent freight forwarder network globally, with members in 190 countries. The alliance not only offers a diverse range of logistics services but also enhances the international business development and client trust for freight forwarders. Membership in WCA requires a fee, but it significantly improves business capabilities. It is essential not to confuse it with other organizations to ensure accurate communication.

07/21/2025 Logistics
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Guide to Handling Lost Bills of Lading in Freight Forwarding

Guide to Handling Lost Bills of Lading in Freight Forwarding

This article discusses the handling of lost bills of lading in the freight forwarding industry, particularly the challenges faced during transit. Loss of a bill of lading can lead to compensation issues, typically requiring a guarantee deposit or a bank guarantee letter from the shipping company for reissue. It is also recommended that freight forwarders properly retain both original and duplicate copies of bills of lading to mitigate risks.

07/17/2025 Logistics Encyclopedia
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The Ultimate Guide to Choosing the Ideal Logistics Provider

The Ultimate Guide to Choosing the Ideal Logistics Provider

When choosing a logistics provider, it is essential to identify the origin and destination clearly by entering the correct city or county names. Users can filter logistics routes through the query function available on the website. Additionally, when selecting a logistics company, it is important to pay attention to key indicators such as network locations, service reviews, integrity guarantees, and order volume to ensure the quality and reliability of logistics services.

07/18/2025 Logistics
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Verification Errors in Port Entry Information: Who Is Responsible?

Verification Errors in Port Entry Information: Who Is Responsible?

During port inspections, incorrect input information can lead to inconvenience for vehicle passage, even if the manifest is accurate. The responsibility for this should fall on the inspection point. It is recommended to promptly contact the freight forwarder or customs broker to assist in modifying the port area data to ensure smooth shipment of goods. It is essential to consult relevant units for accurate information to avoid unnecessary delays.

07/18/2025 Logistics Encyclopedia
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