Harmonized System News Today

The Liberia Revenue Authority (LRA) on Monday, May 27, commenced a weeklong intensive training program for 30 frontline customs officers from 11 Customs Business Offices (CBOs) across the country. The

RIDGWAY — The North Central Pennsylvania Regional Planning and Development Commission’s (North Central) NC Export Marketing Program will co-sponsor training to help companies who export their products better serve overseas

India-Israel trade has doubled in the last five years, while the value of India-Iran trade came down in the same period. Could the Indian economy be affected amid tensions in the Middle East?

In our globalised economy, an incredible volume of goods crosses international borders every day. While displaying key information on parcels is essential for clearing customs, many countries are tightening regulations to stop fraudulent, dangerous and illegal goods entering their markets. In most cases, sellers are now required to submit parcel data to customs or postal services before sending, but providing this can be costly and time consuming.

    business reporter  india’s nutraceutical industry with current market size of usd 4 billion is growing rapidly beyond everyone’s expectations, food safety and standards authority of india (fssai) ceo kamala va

The government yesterday declared handicrafts as the product of the year 2024 to highlight the role of women in the making of handicrafts, promote exports, and diversify the nation’s export basket, which is currently dominated by the garments sector, according to a notification by the commerce ministry.

Maruti Probe Over Wrong Tax Code: According to the DRI inquiry, Maruti Suzuki imported the Shaft Assy Propeller under an incorrect HSN code, as per the World Customs Organisations explanatory notes. The investigation also found that Integrated Goods and Services Tax (IGST) had been paid on certain automobile parts at a rate of 18%, while the correct rate should have been 28%.

Looking at the broader national security spend of NATO allies shows a more complete picture of responsibility sharing. This debate has become toxic partly because many of the measures of what allies are doing remain shielded from public view.

Maruti Suzuki India is under investigation by the Directorate of Revenue Intelligence (DRI) for incorrect HSN code usage and incorrect payment of IGST on imported automobile parts. The company stated that it will respond appropriately to the inquiry and that it will not have a significant impact on its operations or finances.

WITS—a platform powered by the World Bank—allows users to access an array of data on trade and provides tools to analyze data of complex regulations, tariffs, and market trends. This blog details how trade data is collected, organized and recorded through the different systems.