The Descartes CustomsInfo Knowledge Center includes curated articles, reports, and insights on the latest developments in the import compliance regulatory landscape.
As part of landed costs calculations, international duties & taxes, along with cost of goods, shipment, & handling, are shared with customers upfront. How do we get there?
The United Kingdom made the final move to leaving the European Union at 11pm GMT on 31st December 2020. Brexit is now reality. But the EU and UK have drafted new FTAs.
With the New Year’s bell about to ring and election season fading away, it is possible to make better educated guesses about what 2021 might bring from a global trade perspective.
With only just over a month until the United Kingdom leaves the European Union, companies struggle to get ready as Brexit deadlines come and go.
It goes without saying that we have to apply the correct Harmonized System (HS) code and tariff treatment to goods based on the country of import prior to shipping.
The impact of Brexit goes far beyond Europe, as the UK is free to set its own customs tariffs, trade defense measures and trade agreements with the rest of the world.
When goods are imported into the United States, they are subject to certain formalities involving Customs and Border Protection (CBP). Commodities are typically required to be “entered,” or declared to CBP, and are subject to scrutiny by Customs officials to ensure...
Antidumping (AD) and Countervailing (CV) duties are additional fees that the United States Department of Commerce (DoC) uses to discourage demand for products deemed to be import sensitive. AD/CV duties are one of the mechanisms that the U.S. government uses to help...
With an accurate, and up-to-date, tariff database, shippers can reliably approximate the duty rates on their products to better gauge potential costs in their supply chain. Experts and brokers can also use a tariff database to assist in the classification of their products.
A customs duty is a tariff or tax levied on goods when transported across international borders. Customs duties are imposed in order to protect a country’s import and export revenues by controlling the flow of goods into and out of the country. While revenue is the...