Page 2 - Harmonized System News Today

While an international agreement to combat plastic pollution is expected this year, the World Trade Organization (WTO) is supporting this approach with a text in which 76 of its member states pledge to adopt more environmentally-friendly trade practices. The document will be published at the end of February 2024, during the WTO's thirteenth Ministerial Conference (CM13) in the United Arab Emirates (UAE).

The Canada Border Services Agency is the recipient of an award highlighting the organizations "burdensome and unfair" decision to implement more than $100,000 in import duties fees to a Calgary costume business.

Read more about China's approval for graphite anode raw materials export to South Korean battery material makers and the concerns from market sources

Global trade patterns are reconfiguring. More shifts are likely and businesses need to be aware of the potential trade-offs of different paths ahead.

The EU Customs Union reform will subject e-commerce platform operators to new compliance obligations, making them responsible for the collection of customs duties.

The government clarifies that there are no import restrictions on certain IT hardware products. The Directorate General of Foreign Trade (DGFT), under

The European Union (EU) is transitioning to a paperless customs process, implementing the second phase of its Import Control System (ICS) from June 3, 2024. This move is significant for Indian exporting firms, as the EU constitutes about 17% of Indias total merchandise exports.

(This story has not been edited by THE WEEK and is auto-generated from a PTI

Rajarshi Dasgupta, Head Tax at Aquilaw told PTI that the advisory on linking e-invoice with e-way bill will cause "technical difficulty in the hands of exporters having a turnover over Rs 5 crore as there is no time limit relaxation for the generation of e-invoice".

U.S. Customs and Border Protection (CBP) released the 2024 Basic Edition of the Harmonized Tariff Schedule of the United States (HTSUS) on January 1…