Wednesday, September 23, 2020

Feature Posts

What is Duty Drawback? Simplified Explanation

A Duty drawback is where the customs officer refunds the paid duty and tax, provided that the articles or commodity imported fulfills...

Why Greece dominates the shipping industry?

Introduction The Greeks have given us the Spartans, the Amazonians, Alexander the Great, and many more...

Complete Guide to Air Freight Procedures

Introduction There are only 3 modes of transportation: Land, Sea, and Air. Sea freight consists of the bulk of...

Recent Posts

Which Countries Need a Certificate of Origin?

As simple a question as “Which countries need a certificate of origin?” is, the answer seems deeply embedded in the reason why a certificate of origin is...

Who Pays for the Letter of Credit Charges?

If you raised the question of who pays for the letter of credit charges, chances are you are in deep consideration of using a letter of credit....

What is a Consular Invoice? Is it Even Relevant?

If we are in the era of the 1950s, consular invoices are part of the import document requirement that is mandatory for all incoming cargos from other...

12 Key Considerations On How to Price a Product For Export

Starting an export business can be both exciting and scary. It is exciting due to the potential revenue a company can gain from having a global market...

Pros and Cons of LIFO Inventory Method; An Unbiased View

Introduction As of now, the USA is the only adopters of the LIFO (Last-In-First-Out) inventory valuation method, other nations that are following the IFRS...

How Does HS Code Work? Start Here

Warning: Long Post, if you want to skip through to the sections you want, you can always refer to the tables of content section below

What is Duty Drawback? Simplified Explanation

A Duty drawback is where the customs officer refunds the paid duty and tax, provided that the articles or commodity imported fulfills certain criteria.
Hello! I'm Kelvin, I work as a custom broker and I'm thrilled with having the experience to share my industry knowledge with you. I hope that you enjoy reading them as much as I do posting them.

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