How to Determine the Customs Value for Your Imported Items
5-minute read
When goods are transported across international borders, a tariff duty can be levied on imported goods either as a percentage of the monetary value of the goods (ad valorem), a specific rate of duty (e.g. $1 per litre of alcohol), or a combination of ad valorem plus a specific rate of duty.
Most countries calculate tariff duty on an ad valorem basis (a percentage of the value) as it is more equitable, transparent and easier to estimate.
However, the amount of duty payable depends on the value of the imported goods.
The Dangers of Transporting EVs with Lithium-ion Batteries Along the Supply Chain
6-minute read
Today, lithium-ion (or “Li-ion”) batteries are an essential everyday item found throughout the world and in almost every household or workplace in one form or another.
They are found in portable devices such as mobile phones, mobility devices, recreation, manufacturing and power storage, through to larger products, such as electric vehicles (scooters, bicycles, cars, buses and trucks) and even superyachts and ships.
Global Air Cargo Activities are Declining while Air Passenger Traffic is Strong
3-minute read
The International Air Transport Association (IATA) released data for September 2022 global air cargo markets showing that air cargo demand softened.
What You Need to Know About the Latest Trade Sanctions
3-minute read
Importers, exporters and their agents are reminded that a wide range of goods of any origin are prohibited from export to the Russian Federation or from import to New Zealand if their country of origin was the Russian Federation from 4 November 2022.
