News

Source: JDSUPRA Overview In 2018, the World Customs Organization (WCO) published a new edition of the Guide to Customs and Transfer Pricing. The updated guide introduced a pending issue for international guidance in relation to Customs requirements and procedures for transfer pricing adjustment.…
The IFCBA Secretariat was very pleased to learn that IFCBA Immediate Past Chair, Mr. Shantanu Bhadkamkar has been nominated, by His Excellency The President of India, as a Member on the Court of Indian Maritime University (IMU) for a three-year term. IMU was established through an Act of Parliament,…
Source: Medical Xpress After he was struck down by malaria and typhoid, Togolese tailor Ayawo Hievi thought he was set to recover when he started taking drugs prescribed by his doctor. But far from curing him, the medication he was given at the neighbourhood clinic made him far worse—eventually…
Source: WCO Around 40 experts from Customs administrations and postal operators met in Bern, Switzerland on 10 and 11 December 2019 in the framework of the WCO-UPU Contact Committee, where participants discussed the challenges and way forward related to the implementation of electronic advance data…
Source: WCO HS 2022, which is the seventh edition of the Harmonized System (HS) nomenclature used for the uniform classification of goods traded internationally all over the world, has been accepted by the all Contracting Parties to the Harmonized System Convention. It shall come into force on 1…
Source: WCO A National Workshop on the Harmonized System and Advance Rulings on Classification was held in Bangkok, Thailand, from 16 to 20 December 2019. The Workshop, jointly organized by the WCO and the Thai Customs Department and funded by CCF Japan, was facilitated by two experts from the WCO…
Source: Supply Chain Management Review E-commerce has become a growth driver in all 3PL segments and working with or against Amazon remains a hot topic, notes Evan Armstrong, president of A&A. The consultancy estimates 2018 U.S. e-commerce logistics costs were $141.6 billion, with no immediate signs…
Source: Macauhub Angola‘s revised Customs Tariff, which is due to enter into force on 29 December, eliminates the current export tax on crude ores, set at 5.0% until now, the General Taxation Administration (AGT) said in a statement released on Thursday in Luanda. The document also sets out a tax…
IFCBA is pleased to welcome its newest associated business, Zahid Masud & Company, located in Karachi. About Zahid Masud & Company: Zahid Masud & Company is a one stop shop for traders in Pakistan offering services ranging from customs clearance, goods handling, freight negotiations and…