CESTAT Delhi held that FOB value is the transaction value and customs officer has no right to interfere/ modify the FOB value of the goods. Thus, appeal of exporter’s allowed and order set aside.

At the time, the world’s trade industries were already almost 50 years into an experiment meant to help deliver on this promise: a unified code of communication called “Incoterms rules” or ...

We have reported extensively on President Trump's "America First Trade Policy", the new tariffs imposed on Canada, Mexico and China, and ...

PlasCred Circular Innovations Inc. (CSE: PLAS) (FSE: XV2) (the "Company" or "PlasCred"), a transformative leader in the ...

Victoria Callicott, Simon Jones, and Everett Eissenstat of Squire Patton Boggs address some foreseeable impacts from the ...

The New Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has stated that no stranger to the ...

Edge underlined the potential impact on the Canadian fenestration industry if flat glass remains on this list, given that Canada does not currently manufacture raw glass, and buys almost 90% of its ...

To help facilitate the delivery of such items, the most commonly known trade terms are international commercial terms (Incoterms). Incoterms are internationally recognized standards published by ...

When asked who is bearing the risk associated with potential tariffs, Siwek said most of is driven by the “standard Incoterms” in the company’s contracts or purchase orders. Incoterms, or ...

Each regional contract is US dollar-denominated, physically deliverable DAP (Delivered at Place, as defined by Incoterms 2020), representing 1 tonne of lithium carbonate, with delivery locations at ...

Did you know that over 60% of international shipping disputes arise from unclear trade terms? For businesses shipping goods ...