Amid a slowing economy, the Chinese government will lower its value-added tax (VAT) effective April 1, 2019. Few news sources have reported the shift. However, a news alert published by…
Archives for March 2019
New Data Requirements for US Buyers (CBP Form 5106)
As of March 16, 2019 U.S. Customs and Border Protection (CBP) is requiring new information from importers. Consignees, sold to parties, and buyers are to use the newly published Create/Update…
General Rate Increase (GRI) Proposed for US/Canada Bound Cargo from Far East & India
Major steamship lines intend to charge a new general rate increase (GRI) for all eastbound ocean cargo from the Far East and Indian sub-continent to all destinations in Canada and…
India and Turkey Terminated from Generalized System of Preferences (GSP)
India and Turkey will be terminated from the Generalized System of Preferences (GSP) program following a 60-day waiting period. With $5.6 billion of US imports in 2017, India is the…