Global trade regulations have never been more complicated or unpredictable, and compliance mistakes are more costly than ever.
It’s important to get it right. Our experts understand the rules and regulations across the globe. We’re on top of the latest changes to make sure you are provided with high-quality, managed compliance solutions.
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Topics: Classification, Export Compliance, Duty Drawback, Tradewin, Import Compliance
Why is it that chemicals and pharmaceutical items are often classified incorrectly? The answer has more to do with the nature of pharmaceutical trade than the complexity of the tariff (though it is complex). In an industry with its fair share of non-commercial product movements for testing, diagnosis, analysis, and new product development, that ‘newness’ and the speed at which product moves can make compliance determination challenging. However, meeting reasonable care standards makes attention to and investment in an accurate classification process critical. Here are some tips on how to get it right.
Topics: Classification, Pharamaceutical
US Customs and Border Protection (CBP) issued ruling H290535 on September 29th, 2022, which specifies that CBP interprets suppliers providing HTS Classifications to US Importers of Record as “transacting customs business” and requiring a customs brokerage license.
Topics: Classification, Customs
Last May, the National Competition for Customs Valuation and HS Classification was held by CVCI (Customs Valuation & Classification Institute, affiliated organization of Korea Customs Service).
A total of 369 people, including 21 organizations, participated in the HS Classification competition, and 271 people, including 11 organizations, participated in the Customs Valuation competition.
Topics: Classification, Tradewin, Customs Valuation
In a recent competition regarding Customs Valuation, hosted by the Customs Valuation and Classification Institute under Korea Customs Services, our Tradewin Korea team won an Excellence Award.
Topics: Classification, Tradewin
