Customs Duty Exemption Nature Codes Explained

Customs Duty Exemption Nature Codes Explained

This article delves into the nature codes for customs exemptions and their classification, definitions, and applicable scope, aiming to help readers understand the tax measures related to exemptions and reductions in international trade. It thoroughly covers statutory taxation, advanced exemption policies, and imports from specific regions, providing businesses with guidance for compliant and smooth import and export operations. Mastering this knowledge will enhance operational efficiency.

07/21/2025 Customs Knowledge
Read More
Comprehensive Analysis of Customs Duty Exemption Nature Codes and Their Applicability

Comprehensive Analysis of Customs Duty Exemption Nature Codes and Their Applicability

This article comprehensively analyzes the classification and applicability of customs exemption codes, including general taxation, self-use materials, provincial budgets, and national key projects. By providing a detailed introduction to different category codes, it offers import and export enterprises a foundational awareness of tax management and compliance in operations. Understanding these aspects can effectively enhance enterprise efficiency and ensure competitiveness in the global market.

07/21/2025 Logistics Encyclopedia
Read More
Customs Tax Exemption Nature Code Explained: Classification and Application

Customs Tax Exemption Nature Code Explained: Classification and Application

The customs exemption nature codes are used to classify the taxation and exemption of import and export goods into five categories: statutory taxation, statutory exemptions, specific exemptions, other exemptions, and provisional tax rates. Each code consists of three digits that clarify the nature and order of taxation or exemption. This system holds significant guiding significance and practical value for reasonable customs declaration and tax compliance.

07/21/2025 Logistics Encyclopedia
Read More
Ocean Freight Forwarding Gains Importance in Global Trade Expansion

Ocean Freight Forwarding Gains Importance in Global Trade Expansion

This guide outlines the core services of international freight forwarding, including full-container, less-than-container, ocean import/export, and bulk cargo transportation. It details the pricing inquiry and transport solution selection process, emphasizing the provision of dollar-denominated quotes to enhance transport efficiency and ensure cargo safety. Regardless of customers' experience levels, our team is dedicated to providing professional and customized logistics support.

07/29/2025 Logistics Encyclopedia
Read More
Iran Accelerates HS 2017 Translation to Facilitate Trade

Iran Accelerates HS 2017 Translation to Facilitate Trade

Iran Customs is translating the World Customs Organization's HS 2017 Explanatory Notes into Persian. This initiative aims to reduce trade barriers, improve customs clearance efficiency, and provide clearer commodity classification guidance for Iranian import and export businesses. The first two volumes have been released, and translation of the remaining chapters is underway. This effort will facilitate international trade, enhance Iran's trade participation, and revitalize economic development.

01/05/2026 Customs Knowledge
Read More
Uschina Tariff Pause Offers Mixed Prospects for Exporters

Uschina Tariff Pause Offers Mixed Prospects for Exporters

Following US-China talks in Geneva, both sides announced a pause on some tariff measures, sending a positive signal to the market. However, the 90-day window, combined with the peak North American restocking season, may trigger rising US East Coast freight rates and capacity constraints. Export companies need to seize opportunities, adapt flexibly, diversify risks, and closely monitor market dynamics to gain an advantage amidst uncertainty.

05/10/2025 Logistics Industry Insights
Read More
New HS Code Rules Affect Importers and Exporters of Key Food Products

New HS Code Rules Affect Importers and Exporters of Key Food Products

The Harmonized System Committee of the World Customs Organization has revised the correlation table of commodities under subheadings 1605.54 and 1605.59 in the 2012 and 2017 editions of the Harmonized System. Enterprises involved in the import and export of relevant aquatic invertebrate products should pay attention to and adjust their commodity code declarations to ensure trade compliance and avoid losses caused by incorrect coding.

01/07/2026 HS Code Query
Read More
Maritime Shipping Guide for Hazardous Goods Declarations

Maritime Shipping Guide for Hazardous Goods Declarations

This article provides a detailed analysis of the maritime declaration process for dangerous goods sea freight exports. It clarifies the differences between cargo declaration and vessel declaration, outlines the specific steps of cargo declaration, emphasizes the importance of cut-off declaration for dangerous goods, and details the necessary documentation. Furthermore, it explains the connection between dangerous goods declaration and port customs clearance. The aim is to help businesses understand the critical aspects of dangerous goods sea freight exports, mitigate risks, and ensure the safe and compliant transportation of goods.

06/11/2024 Logistics Encyclopedia
Read More
China Imports Best Practices to Avoid Demurrage Costs

China Imports Best Practices to Avoid Demurrage Costs

This article focuses on how freight forwarders can avoid demurrage charges during import unpacking operations. It provides a detailed analysis of key steps, including obtaining vessel and voyage information, scheduling pickup, handling customs inspections, and adhering to container weight limits. It also highlights special considerations such as unreliable vessel schedules in the Waigaoqiao port area. The aim is to help freight forwarding personnel improve operational efficiency and reduce operating costs by providing practical guidance on managing the import unpacking process and minimizing the risk of incurring costly demurrage fees.

08/23/2025 Logistics Encyclopedia
Read More
Shippers and Carriers Debate Responsibility for Container Weighing Fees

Shippers and Carriers Debate Responsibility for Container Weighing Fees

This article explores the current state and coping strategies for VGM (Verified Gross Mass) charges in the freight forwarding industry. It points out that VGM charges have become an industry-wide phenomenon, with freight forwarders in a weak position when dealing with shipping companies and port areas. Some freight forwarders avoid risks by shifting responsibility to customers. The article emphasizes the importance of freight forwarders balancing costs and ensuring profits while remaining compliant with regulations. It highlights the need for strategic approaches to navigate the challenges posed by VGM charges.

08/23/2025 Logistics Encyclopedia
Read More