For Customs purposes, when importing cargo into Australia, the Valuation Date for applying the rate of exchange on the import entry has long been subject to finding out the date at the place of export. Where goods are packed in a container, the day of exportation is the day the container leaves the place where […]
Tariff Concession Orders (TCOs) are an Australian Government revenue concession that exists where there are no known Australian manufacturers of goods that are substitutable for imported goods. The Tariff Concession System is designed to assist manufacturers with tariff protection. It is administered by the Australian Border Force (ABF). Many domestic manufacturers use a mix of […]
The Australian Border Force (ABF) has this week issued a reminder notice to importers and exporters about Mutual Recognition Arrangements (MRAs) which recognise Australian Trusted Traders in economies where Australia has arrangements in place. Administered by Home Affairs with the Australian Border Force, Trusted Trader is free and accredits Australian businesses with compliant trade practices […]
The Department of Agriculture and Water Resources (DAWR) has issued notice IFN 08-19 – (dated 29th April 2019) Understanding the Food Control Certificate.  This Certificate (known as the FCC) is an electronic direction issued by DAWR advising the owner of the imported food, which may be the importer or Customs Broker, that an entry has […]
Executives in the shipping and logistics industries have highlighted a number of reasons Artificial Intelligence (AI) is transforming their profession. IMO 2020 is one of the most impactful environmental regulations to hit the industry over the past decade. Global maritime freight transportation revenue is estimated to reach US $205 billion by 2023, up from US […]
Home Affairs-ABF released news this week that a Mutual Recognition Arrangement (MRA) between Taiwan and Australia recognises Australian Trusted Traders as having robust security practices and rewards them with an increased competitive edge and better access to markets in Taiwan. The Taiwan-Australia MRA helps further stimulate the important economic and trade relationship between our two […]
Germany has called for the creation of a new payments system independent of the US that would allow Brussels to be independent in its financial operations from Washington. The intention is to strengthen European autonomy by establishing payment channels that are independent of the US, creating a European Monetary Fund and building up an independent SWIFT network system. While […]
The Department of Agriculture and Water Resources (DAWR) has issued notice 97-2018 – regarding changes to Chinese Competent Authority issuing certificates. From 21st August 2018, a new Chinese government authority will issue official government certification. The entry-exit inspection and quarantine duties of the People’s Republic of China are currently managed by the General Administration of […]
The Indonesian government under the Ministry of Finance has announced regulation No. 158/PMK.04/2017, which took effect for all vessels arriving there after May 2018. The regulation requires the Bill of Lading to show Consignee’s/Importer Tax ID Number & Cargo HS Code (first 4 digits) when submitting the manifest/import document to the port of authority/customs office. All Bill of Ladings […]
Malcolm Turnbull had been due to travel to Indonesia next week as part of a trip through South-East Asia and the Pacific. Officials felt they could resolve lingering disagreements on the FTA by then, and were planning for Mr Turnbull and Indonesian leader Joko Widodo to announce during the visit that the two nations had […]
