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Excise Department Mandates Online Verification for Imported Vehicles https://lnkd.in/dXR-PtnA LAHORE: The Excise Department has introduced a new mandate requiring online verification of documents for imported vehicles. This aims to enhance the integrity of vehicle registrations and prevent the use of counterfeit documents. As part of this initiative, a ban has been imposed on registering imported vehicles in Lahore without prior online verification of their documentation. An official letter has been sent to customs authorities to request access to online verification systems to facilitate this process. This collaboration is designed to streamline vehicle registrations and ensure that only those with authentic documents are registered. Customs officials have also indicated that […]

ISLAMABAD: The federal government is contemplating a significant increase in regulatory duties on imported used vehicles in the upcoming federal budget, scheduled for presentation on June 12. Sources indicate that the regulatory duty on vehicles with engines larger than 1800cc is expected to rise by 30 percent. For even larger vehicles, the duty could escalate from the current 70 percent to 100 percent. Additionally, a 15 percent duty may be imposed on used vehicles up to 1800cc, while both new and used hybrid vehicles up to 1800cc may continue to benefit from zero duty. These potential changes could make imported used vehicles more expensive in the country. The Overseas Investors Chamber of Commerce and Industry (OICCI) has also weighed in, recommending that the federal government maintain regulatory and additional customs duties on imported used cars. The OICCI's proposal aims to discourage the import of used cars to protect the local automobile industry, which they argue is suffering from reduced sales due to the influx of used vehicles. Stay tuned for further updates on how these proposed changes may impact the market for imported cars. #Budget2024 #ImportedCars #RegulatoryDuty #UsedVehicles #FederalGovernment #NewBudget #CarPrices #HybridVehicles #OICCI #LocalAutomobileIndustry #CustomsDuty #PakistanEconomy #subinspectornews

#News #Shipping #Update Earlier Delivery of Over-Dimensional Cargo (ODC) Not a Penalty Offense: Relief for Importers! ⚖️ The Allahabad High Court has issued a landmark judgment for Over-Dimensional Cargo (ODC) importers in India. Here's the key takeaway: No Penalty for Early Arrival: Customs authorities cannot impose penalties under the Customs Act simply because your ODC shipment arrives earlier than estimated. Efficiency Rewarded: This judgment promotes efficient logistics and removes a potential hurdle for faster deliveries. What this means for ODC Importers: Reduced Risk of Penalties: Importers no longer need to worry about penalties for efficient transportation and early arrival. Focus on Compliance: The emphasis remains on proper customs declarations and adherence to all procedures, regardless of delivery time. Important to Remember: This doesn't eliminate the need for proper customs compliance. Customs can still investigate if they suspect under-invoicing or other practices aimed at manipulating delivery times. Overall, this is a positive development for ODC importers in India. It promotes efficiency and reduces the risk of penalties for faster deliveries. #ODC #Importers #Customs #India #Logistics #Trade #SupplyChain #Legal #AlhabadHighCourt

🚢 Dive deep into the world of shipping every Wednesday with Industry Expert Dr.Pramod Sant and #DST! Ask Your Queries and Get Solutions. Writer to us without fail at pramodsant@dailyshippingtimes.com or drop Your Queries in the comment below👇🏼 #DST #DSTDigital #DSTNews #ShippingSolutions #IndustryInsights #ShippingInsights #MaritimeIndustry #MaritimeInsights #ShippingIndustry #LogisticsIndustry

Your Queries Our Solution Last week there was a very interesting question from a reader of #DailyShippingTimes #DST. The company that is presently handling customs clearance on a basis wanted to understand market trends and how to outsource customs clearance. Subject close to my heart I have been studying these changes globally and in India for more than a decade. I am sure these insights will not only help companies who wish to outsource. custom Clarence but will also help others to assess their situation. #dailyshippingtimes #dst #bcba #fffai #accaindia #customclearance #customscompliance #customs #customsbroker #internationaltrade #wco Kalpesh ModiNishita Modi

Diversion of the destination of export goods contrary to the Bill of Lading is a violation of FEMA (erstwhile FERA) & RBI guidelines. In a recent FEMA case of Green Ways Shipping Agency Private Limited, a leading sole agent for a shipping line in India, was imposed penalty for diverting export consignment of black tea to Dubai instead of its original destination Moscow. On review of the facts, Tribunal held that right from issuing of lading, it was clear that the appellant was well aware & actively involved in the diversion of consignment in connivance with the exporter & hence the penalty was justified. Learning note: In export cases, full compliance of FEMA (Exports of good Goods & Services) 2015 regulations need to be ensured to ensure that destination stated in the declaration is the final destination of goods exported. Citation - [2024] 165 taxmann 831 (SAFEMA - New Delhi)[13-08-2024] #fema #export #caselaw

Folks, has logistics become a criminal playground? 🤔 Smugglers attempt to import drugs and tobacco into Australia everyday. Whilst hard drugs are common, tobacco seizures are on the rise - tobacco is lucrative due to high excise taxes and lower penalties. Recently, 45 million cigarettes and 6.5t of tobacco was seized in 48 hours. The ABF is aware that freight insiders are being increasingly used to assist these smuggling operations by manipulating shipping data to sneak illicit goods past customs. Could it be happening in your company? 👀 #Logistics #SupplyChain #Transport #Freight #InterstateTransport #RoadFreight #TransportServices #Linehaul #Procurement #3PL #Warehousing #Warehouse #FreightForwarder #FreightForwarding #TruckingNews #cargo #OceanFreight #SeaFreight #AirFreight #Australia

The safety and security of electronic goods during customs inspections are of paramount importance. To ensure this, various protocols have been established. Firstly, all shipments are accompanied by detailed and accurate documentation to expedite customs clearance and minimise handling. Additionally, tamper-evident packaging is employed, which allows for inspection while also preserving the security of contents. Moreover, we actively engage and collaborate with customs officials to facilitate smooth and secure inspections. To ensure proper handling of electronics, trusted agents monitor inspections. Customs officials receive explicit instructions on the safe handling of sensitive electronics, which are accompanied by security seals that can be inspected and resealed for shipment integrity. Finally, adequate insurance coverage is secured for shipments to protect against potential loss or damage during customs inspection. These measures are crucial in safeguarding electronic shipments during customs inspections, minimising risks, and protecting cargo integrity. #stelnogroup #logisticservices #supplychain #airfreight #seafreight #peakperformer #peakbusiness

What Happens if a Consignee Doesn't Clear a Shipment? When a consignee fails to clear a shipment at its destination, several steps and actions are typically taken by customs authorities, airlines, or sea carriers: Storage Charges: The shipment may incur additional storage fees as it remains in the carrier's or port's custody. Customs Procedures: Customs may initiate procedures to either re-export the goods or auction them if they remain unclaimed for a certain period. Carrier Actions: Airlines or sea carriers might handle the goods according to their policies, which can include returning them to the sender or disposing of them. Understanding these processes can help avoid complications and additional costs. It's crucial for consignees to stay proactive in managing their shipments! #Logistics #SupplyChain #Shipping #Customs #FreightForwarding #AirCargo #SeaFreight #ImportExport

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