Customs Duty Reassessment Rules and Compliance Strategies Explained

Customs Duty Reassessment Rules and Compliance Strategies Explained

This article provides a detailed interpretation of the scope and time limits for supplementary duty payments, including underpaid or missed duties due to classification or valuation errors after goods release, domestic sales transfer of specific duty-free or reduced-duty goods, and illegal smuggling. It clarifies the statute of limitations for customs to recover underpaid or missed taxes and emphasizes the importance of compliant operation for businesses and individuals to mitigate tax risks. Aiming to help enterprises understand the regulations and avoid potential tax liabilities.

09/26/2025 Customs Knowledge
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China Streamlines Importexport Licensing and Quota System

China Streamlines Importexport Licensing and Quota System

This article provides a detailed interpretation of China's current import and export license and quota management system. It elaborates on the management methods, scope of application, and handling of special circumstances for both import and export licenses and quotas. The aim is to offer clear policy guidance for businesses involved in international trade with China. It covers the specifics of how these licenses and quotas are administered, which goods they apply to, and how exceptions are handled, providing a practical overview for companies navigating these regulations.

09/26/2025 Customs Knowledge
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Pembina Airport Emerges As Key North American Air Freight Hub

Pembina Airport Emerges As Key North American Air Freight Hub

This article details the unique status of Pembina Airport (PMB) as a non-customs airport in North America, including its code information, geographical location, operational characteristics, and specific clearance requirements. Through the West Coast Cargo three-letter code query system, users can conveniently obtain global airport information and optimize air freight operations. The airport's designation as a non-customs facility presents specific procedures for international arrivals and departures, requiring careful planning and adherence to regulations. PMB's role is crucial for regional connectivity despite its non-customs status.

09/29/2025 Airport Codes
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Exporters Urged to Avoid Tax Rebate Calculation Errors

Exporters Urged to Avoid Tax Rebate Calculation Errors

This article provides an in-depth analysis of export tax rebate calculation methods, emphasizing the use of tax-exclusive FOB value as the basis, avoiding the common mistake of calculating based on tax-inclusive amounts or customs declaration amounts. For C&F and CIF trade terms, it clarifies the handling of freight and insurance costs. The aim is to help export companies accurately grasp tax rebate policies, comply with regulations, and reduce export costs. This ensures correct rebate applications and avoids potential financial penalties.

09/26/2025 Customs Knowledge
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Guide to Air Freight Customs Clearance in Beijing

Guide to Air Freight Customs Clearance in Beijing

This article provides a detailed interpretation of the customs declaration process for air freight unpacking and return customs clearance in Beijing. It emphasizes key aspects such as unpacking application, return customs clearance operation standards, and weight error control. Practical operation suggestions are offered to help practitioners improve customs declaration efficiency and reduce risks. The guide focuses on streamlining the process and ensuring compliance with regulations for a smoother and more efficient experience. It aims to be a valuable resource for professionals in the field.

09/26/2025 Customs Knowledge
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Sinoeuropean Ecommerce Trade Hits Record High

Sinoeuropean Ecommerce Trade Hits Record High

China-Europe cross-border e-commerce has exceeded €124 billion, with an impressive annual growth rate of 12%, demonstrating strong momentum. E-commerce trade not only promotes economic growth in both regions but also fosters cooperation in digital technology, logistics, and other fields. Despite challenges such as competition and trade regulations, the future development potential of China-Europe e-commerce trade is significant and promising. The continued growth and collaboration in this sector are poised to shape the future of trade relations between China and Europe.

11/03/2025 Logistics Industry Insights
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South Korea Tightens Rules on Overseas Ecommerce Firms

South Korea Tightens Rules on Overseas Ecommerce Firms

South Korea plans to revise the Electronic Commerce Act, requiring cross-border e-commerce platforms like Temu and AliExpress to appoint domestic agents in Korea to address consumer rights issues. The new regulations also cover consumer information protection and advertising standards, aiming to create a safer and more reliable cross-border e-commerce environment for Korean consumers. This may encourage cross-border e-commerce platforms to adopt a more localized approach in their operations within South Korea, enhancing consumer protection and ensuring compliance with local laws.

11/03/2025 Logistics
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Supply Chain Optimizations Cut Costs Boost Efficiency in Warehousing

Supply Chain Optimizations Cut Costs Boost Efficiency in Warehousing

This paper delves into the crucial role of warehousing services in modern logistics. It elaborates on the definition, scope, and types of warehousing services, emphasizing their key value in optimizing supply chains, reducing logistics costs, and enhancing business competitiveness. Our company provides comprehensive warehousing solutions to help businesses achieve cost reduction and efficiency improvement.

08/21/2025 Warehousing
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Insurance Deductibles Key Considerations for Policyholders

Insurance Deductibles Key Considerations for Policyholders

The deductible is an important concept in insurance policies, referring to the amount of loss that the policyholder must bear before the insurance company begins to pay. Choosing the right deductible not only affects the premium level but also impacts financial pressure during claims. Policyholders should make informed choices based on their personal budget and risk tolerance.

08/06/2025 Logistics Encyclopedia
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Bangkok Bank Expands International Money Transfer Services

Bangkok Bank Expands International Money Transfer Services

This article provides information on Bangkok Bank Public Company Limited's branches in Thailand and their SWIFT codes, guiding you to perform secure and efficient international remittances. Even if a branch is not listed, funds can still be transferred using the headquarters' SWIFT code. With Xe's competitive exchange rates and transparent fees, your remittance journey can be smoother.

08/14/2025 International Settlement
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