TradeLane

A change in Prime Minister in the UK on July 24th has renewed focus on Brexit and its impacts across the Eurozone. Currently, the UK is set to leave the European Union (EU) on October 31st, with or without a deal. Given that the current withdrawal agreement between the EU and the UK has been voted down three times by the UK parliament, and due to the renewed political prioritization of no-deal planning by the current government, trade compliance professionals are building their Brexit plans with the assumption of no deal.  

In October 2018, France signed law 2018-898 in order to strengthen the fight against tax evasion and customs fraud.  Following this, the Judicial Investigations Department of Finance (SJEF) was created on July 1^st.

Finally, the gloves are out from both sides. The Indian Government has decided to implement retaliatory duties on 28 goods originating in or exported from the US. The increased tariffs have been made applicable from June 16, 2019.

Like salmon swimming up the river to find a place to spawn, it benefits importers to look at the flow of shipments, ultimately to move upstream to gather relevant data. If you wait until the last minute to get something done, it can feel like a tidal wave of activity coming at you. You may ultimately see delays in the customs clearance of your shipment, for example.  Even if you manage to hustle to pull everything together in a frenzied rush, is that the best mode to conduct an organized work process? 

We are pleased to announce the expansion of our Tradewin India practice to include Delhi, where many clients have expressed a need for our practical Customs & Trade consulting services.