Nissan Magnite facelift made in India starts export; first
Nissan Magnite SUV has exported over 2,700 units within a month of its launch. Notably, South Africa is the first country in the world to receive the recently updated car. Nissan claims that global sales of the Magnite have exceeded 150,000 units since its launch in 2020. The company now plans to export the new Magnite to more than 65 overseas countries, including left-hand drive countries, to maintain its appeal. For the uninitiated, the revamped SUV was launched in India last month at an introductory price of Rs 5.99 lakh (ex-showroom) for the first 10,000 customers. It comes in six variants: Visia, Visia+, Acenta, N-Connecta, Tekna and Tekna+. Also read: Nissan Magnite Facelift vs Tata Punch Specs Comparison: What’s the Difference? "Since the launch of Nissan Magnite in 2020, we have seen strong customer acceptance and demand for the Made-in-India compact SUV," said Frank Torres, Vice President, AMIEO Regional Business Transformation and President, Nissan India Operations. Our focus on both…
China to launch first marine biofuel export quota in 2025
China plans to issue its first export quotas for marine bunker fuel blended with biodiesel, aiming to support domestic biofuel producers affected by EU anti-dumping duties. Industry sources and consultancy JLC reported that the government was considering a quota of 500,000 tons, which could be allocated to state oil companies PetroChina, Sinopec and CNOOC. The mixed fuel, called B24, is composed of 24% biodiesel and 76% low-sulfur fuel oil, which is different from the low-sulfur fuel oil conventionally exported from China. The quotas are expected to be rolled out in late 2024 or early 2025. The move addresses challenges faced by Chinese biodiesel refiners, whose exports fell sharply after the EU imposed steep tariffs in August. State-owned refineries could use carbon credit incentives to promote the adoption of low-carbon marine fuels for ships on routes between China and the EU. The program also supports the Chinese port of Zhoushan in promoting biofuel sales, in line with global trends in major…
World ECR | BIS updates key export control enforcement guidance
Home > information > BIS updates key export control enforcement guidance based on new case The U.S. Department of Commerce's Bureau of Industry and Security (BIS) announced on November 12 that it has released an updated version of its enforcement guidance, "Don't Let This Happen to You!", which covers recent export control violations. The revised publication, last updated in July 2024, includes several important new enforcement cases, including: ● The first punishment case of the Disruptive Technology Strike Force ● Criminal case involving Russian procurement network ● A smuggling case involving the use of export-controlled items to stage assassinations ● Administrative action against a semiconductor company for unauthorized shipments to Entity List parties ● Violation of anti-boycott regulations The BIS advises that “exporters are encouraged to read this publication, which provides useful illustrations of the types of conduct that can put companies and universities in trouble.” The guide is designed to help industry and academia understand export control compliance requirements…
Shanghai East China Import and Export Fair 2025 Exhibition Guide (Time, Venue + Where to Buy Tickets?)
Shanghai East China Import and Export Exhibition - China Exhibition Exhibition scale: Exhibition area 126,500 square meters, number of visitors 36,054, 3,500 exhibitors Exhibition duration: 2025.03.01-03.04 Accommodation address: No. 2345 Longyang Road, Pudong New District, Shanghai Exhibition Hall: Shanghai New International Expo Center Sponsor: Ministry of Commerce of China Ticket information: Extension ticket 2025.03.01-03.04 30.00 yuan Ticket booking guide: 1. Visit the corresponding exhibition page of Juzhan.com or the official website of Shanghai East China Import and Export Fair. 2. Click on the “Ticket Booking” or “Apply Now” button to enter the booking page. 3. Fill in personal information according to the prompts, including name, contact number, ID number, etc. 4. Submit the request after confirming that the information is correct. 5. After receiving the successful booking notification, keep the confirmation information in the text message, WeChat or email. Shanghai East China Import and Export Fair - China Fair Exhibition Scope: Clothes and clothing:Fashion clothing exhibition area, maternal and child…
Honda car sales in October 2024, domestic decline, export increase
Honda Elevate Apex Edition In addition to the year-on-year export outlook, Honda Motor's October 2024 sales showed an overall decline in both year-on-year and month-on-month analyses. Honda Cars India Ltd's sales outlook for October 2024 is good around the festive season. However, sales in the Asian subcontinent could have been better, but volumes are dwindling. Let's break down the numbers and take a closer look at how the company's sales will perform in October 2024. Honda car sales in October 2024 There was a time when HCIL (Honda Cars India Ltd) offered a wide range of vehicles starting from the low-end Brio to the high-end Accord executive sedan with advanced hybrid powertrain. Now, HCIL offers only three vehicles: Amaze, City and Elevate. The next-generation Amaze is being tested and could give Honda a big boost in sales. HCIL's sales performance in October 2024 is lower than the sales performance in October 2023 and September 2024. Despite a huge increase in…
News Flash – Export Compliance Manager
Leading professional publication providing news and insights on global export controls and sanctions.First published in 2011, WorldECR is a platform for understanding developments in international sanctions and export controls and their impact on global trade. WorldECR is your indispensable resource when it comes to solving problems around the world.
Evil Corp Sanctions – Export Compliance Manager
Leading professional publication providing news and insights on global export controls and sanctions.First published in 2011, WorldECR is a platform for understanding developments in international sanctions and export controls and their impact on global trade. WorldECR is your indispensable resource when it comes to solving problems around the world.
The complexities of manually carrying items for import and export
By Shawna Karajic, Export Solutions Inc. Commercial carry-on shipments are classified as imports or exports and therefore require the same compliance review as items shipped in standard packaging. Does your organization engage in the import or export of manual shipping of commercial items? If so, do you have a formal policy or procedure to ensure compliance with relevant regulations? In today's globalized world, it's not uncommon for travelers to find themselves needing to transport business items across borders. Whether you're a small business owner attending a trade show or an employee at a Fortune 500 company delivering spare parts to customers, holding business items in hand presents a unique set of challenges. Not only do you have more issues to deal with when taking them with you, but you also have the potential for export violations. Here's a closer look at the issues you may encounter when traveling with business items. 1. Customs regulations and compliance One of the most…
Friendly Benefits: Lifting Space Export Controls
You know who your friends are. You've known them for a long time, you understand each other, and more importantly, you trust each other. Well, countries also have friends. Perhaps national friends have similar foreign and national security policies rather than similar hobbies. Maybe country friends are aligned financially with their friends rather than you both getting what you think are horrible haircuts so It got cold then. It is important that these countries trust their friends as much as you do. Based on this trust, allies can build relationships that create economic opportunities. Last month, the US, UK and Australia were putting the final touches to their AUKUS agreement to reduce or remove barriers to the exchange of large amounts of defense items and technical data. In the October 2024 Space Rules, we now see Australia, Canada and the UK removing export license requirements for certain spacecraft. We are examining and discussing these rules in a four-part series of…
Exhibition Guide Shanghai East China Import and Export Fair 2025 (time, location, how to book tickets?)
Shanghai East China Import and Export Exhibition - China Exhibition Exhibition time: 2025.03.01-03.04 Host venue: Shanghai New International Expo Center Hosting address: No. 2345 Longyang Road, Pudong New District, Shanghai Exhibition scale: Exhibition area: exhibition 126,500 square meters, number of visitors 36,054, exhibitors 3,500 Sponsor: Ministry of Commerce of China Ticket booking guide: 1. Visit the official website of Shanghai East China Import and Export Fair or the exhibition page of Juzhan.com. 2. Click the “Ticket Booking” or “Apply Now” button to enter the booking page. 3. Fill in personal information according to the prompts, including name, contact number, ID number, etc. 4. Submit the appointment request after confirming that the information is correct. 5. After receiving the successful booking notification, keep the confirmation information in the text message, WeChat or email. Extension ticket 2025.03.01-03.04 30.00 yuan Shanghai East China Import and Export Fair - China Fair Exhibition Scope: Clothes and clothing:Fashion clothing exhibition area, maternal and child underwear exhibition…
Shanghai East China Import and Export Fair – China Fair 2025 Time and Venue
Shanghai East China Import and Export Exhibition - China Exhibition Duration: 2025.03.01-03.04 Exhibition Hall: Shanghai New International Exhibition Center Venue: No. 2345, Longyang Road, Pudong New District, Shanghai Exhibition Scale: Exhibition area 126,500 square meters, number of visitors 36,054, exhibitors 3,500 Organizers: The very Shanghai East China Import and Export Fair 2025 is planned by the Ministry of Commerce of the People's Republic of China - The China Fair will be held at the new Shanghai International Exhibition Center from 2025.03.01 to 03.04, providing a valuable communication platform for the consumer goods industry. , allowing 36,054 attendees to gain insight into industry trends and explore the latest technologies. Shanghai East China Import and Export Fair - China Fair Introduction: Shanghai East China Import and Export Exhibition-China Fair (Abbreviation of East China Fair: ECF)It is the largest import and export trade exhibition in China, focusing on the textile, garment and light industrial products industries. It is jointly organized by 9 provinces…
EU’s new export due diligence guidance: keep an eye on it
In 2021, the EU passed an updated version of the EU Dual-Use Regulation, setting common standards for export control of dual-use items by EU member states. Among its new provisions, Regulation (EU) 2021/821 introduces “comprehensive controls” on network monitoring projects in its Article 5. This catch-all provision requires exporters to obtain approval if they know or suspect that their cyber surveillance programs may be used to commit human rights violations, even if the programs are not specifically subject to existing export controls. Telecom interception systems (5A001.f.), Internet surveillance systems (5A001.j.), intrusion software (4A005, 4D004), and forensic tools (5A004.b., 5D002.a.3.b., 5D002.b.) etc. items. c.3.b.) are examples of technologies subject to these controls. Despite growing concerns about the misuse of spyware and other surveillance tools, such comprehensive controls have so far been rarely applied, and many exporters remain unclear about how to apply it. To address this issue, the EU published new guidance on October 15, 2024 to help exporters meet these…
spatial rules, or. . . Space rules! : Reduce export controls
We can imagine a space company starting out with just a few screws and some sheet metal in a garage. (1) But whatever its origins, soon after its early stages the company will likely have global reach. Commercial aerospace companies inherently involve elements such as international supply chains, foreign customers, and design and engineering talent from around the world. As a result, outdated U.S. export controls—regulations that restrict commercial space and satellite goods, technology, and software as if they were military assets—could burden space companies of all sizes, especially leaving small businesses unable to Gain competitiveness. 1. October 2024 Space Rules In response to this concern, on October 17, 2024, the U.S. agency that regulates exports from the space industry (2) issued inspection copies of four new regulatory notices (the October 2024 Space Rules), each of which should reduce compliance Regulatory burden and potential disruption Space and satellite companies have faced these issues in the past. All regulations appear to…
Top 10 cars by export value in September 2024 – Sunny, Fronx, Jimny, Verna,
Honda Elevate is sold in Japan as WRV Automobile exports increased by 12.15% year-on-year in September 2024. Despite the slowdown in year-on-year growth, Sunshine still leads the market segment We have already seen how car sales in the domestic market will perform in September 2024. We now assess last month's automotive exports, which turned out to be more positive. Car exports rose 12.15% year-on-year to 67,379 units last month, up from 60,079 units in September 2023, although a large number of models on the list reported lower demand. Top 10 cars by export value in September 2024 – Nissan Sunny firmly ranks first The Nissan Sunny was the most exported car last month. The export volume was 5,863 units, a year-on-year decrease of 20.35% from the 7,361 units exported in September 2023. Despite this, Sunny still held a market share of 8.70%, with sales falling by 1,498 units. Top ten automobile exports in September 2024 Maruti Fronx ranked second, with…
Year-end review of global import and export trade in 2024
November 12 (in-person event) | November 19-21 (virtual panel) As per tradition, we are pleased to invite you to our annual event Global import, export and trade compliance development year-end review meeting. The conference will provide valuable insights into the latest developments, challenges and opportunities in the ever-changing international trade landscape. We are hosting this conference in a split-hybrid format, Live event on November 12 in Santa Clara, CA and Virtual panel discussion November 19-21. See details below. Exact topics may vary depending on how close the event is. November 12: Live event Join us for an important fireside chat after the US presidential election"Leading the future of U.S.-China business relations" feature Kyle SullivanVice President of Business Advisory Services, U.S.-China Business Council (USCBC). The fireside chat will be followed by two panelsOne explores the changing trade-related risks and mitigation measures in M&A transactions, including internal views on due diligence techniques, the impact of the proposed outbound investment regime, etc., and…
Banks export too: New BIS guidance tags financial firms
Pull offer: “Every export – every item – has an associated financial transaction” You are a banker. You do banking. You read the ledgers, compile the numbers, and manage the accounts. Maybe you take out a loan, maybe you invest, but in general, you move your money to where it should be (and from where it shouldn't be). (1) Something you do no All you have to do is pack up a box of widgets and ship them to a customer in another country. However, the U.S. Department of Commerce's Bureau of Industry and Security (BIS) has warned that bankers should maintain "ongoing" export due diligence. This news may liven up your daily life. You are now a banker and (sort of) exporter. We know that modern banks have robust and advanced due diligence infrastructure to detect and prevent fraud, money laundering, terrorist financing, sanctions violations and many other potential financial crimes. Now, those of you who don't have it…
Fieldbar Tour – Import and Export Licenses
Fieldbar revolutionized the cooler with a focus on design, functionality and sustainable craftsmanship. Their handcrafted coolers offer superior ice retention, stylish aesthetics, and the ability to be repaired or replaced, making them a popular choice for everyday use and outdoor adventures. Born from the desire to create outdoor products that will last a lifetime, Fieldbar has grown from a local success story to a global brand. They have attracted international attention for their innovative designs and commitment to quality, even gaining a spot in London's famed Harrods department store. This export success story takes a quick look back at Fieldbar's journey, exploring the inspiration behind the brand and its impressive local and international expansion. How did you get started? Co-founders Lee Hartman and Corban Warrington observed that existing coolers on the market were of poor quality, offered limited organizational space, and lacked visual appeal. This is when Fieldbar steps in in a fashionable way! How is Fieldbar navigating the South…
Entrepreneur Success Stories: TUNL – Import and Export License
TUNL is helping hundreds of South African businesses “unlock exports”, making international shipping affordable, transparent and simple. They are dedicated to providing export services to businesses of all sizes. Whether you're a small start-up or an established enterprise, they have the tools and resources you need to navigate the complexities of global trade with ease. How did you get started? Matthew and I founded TUNL in 2022. In our previous ventures, we both suffered from the limited and expensive courier options available to businesses in South Africa. After arranging interviews with approximately 20 South African businesses and researching the technology-enabled express options that existed in other markets, we realized there was a huge need and opportunity for an enabler like TUNL and got to work. What advice do you have for new exporters? We’ve noticed that first-time international shippers often make similar mistakes or have similar knowledge gaps. We think the following information is essential to know before shipping your…
Year-end review of global import and export trade in 2024
As per tradition, we are pleased to invite you to our annual Global Import, Export and Trade Compliance Development Year-End Review Meeting. The conference will provide valuable insights into the latest developments, challenges and opportunities in the ever-changing international trade landscape. We will be holding this conference in a split-hybrid format with an in-person event on December 12, 2019 in Santa Clara, California. November 12 and virtual panel November 19-21. Live event November 12 Join us for an important post-election fireside chat on "Navigating the Future of U.S.-China Business Relations," including Kyle Sullivan, Vice President of Business Advisory Services, U.S.-China Business Council (USCBC). The fireside chat will be followed by two panels, one Explores the changing trade-related risks and mitigation measures in M&A transactions, including internal views on due diligence techniques, the impact of the proposed outbound investment regime, and more. The second addresses discussions around escalating global sanctions enforcement and investigations, including the geopolitical dynamics behind Political drivers increase…
World ECR | US State Department rules $3 million in export violations
Home > information > State Department reaches $3 million export violation settlement with Oregon company The U.S. Department of State has reached a $3 million administrative settlement with Oregon-based Precision Castparts Corp ("PCC") to resolve multiple allegations of violations of export control regulations. The agreement involves 24 alleged violations of the Arms Export Control Act (AECA), 22 USC § 2751 et seq., and the International Traffic in Arms Regulations ("ITAR"), 22 CFR Parts 120-130. The settlement was reached "following an extensive compliance review conducted by the Defense Trade Controls Compliance Office of the Department's Bureau of Political-Military Affairs," the Department of Defense said in an Oct. 7 media note. The violations involved "the unauthorized export to expatriate employees from Bhutan, Burundi, El Salvador, Honduras, Mexico and Peru of wax consumed in connection with tooling, specifically wax patterns and mandrels, and the subsequent production of cast blades for use in natural gas." "Turbine engine," it explains. PCC voluntarily disclosed breaches that…
EXIM Bank approves over $1 billion in deals to boost
"These transformative exports fuel growth in the U.S. economy, strengthen our economy and national security, and improve our quality of life." The Export-Import Bank of the United States (EXIM) recently approved five major transactions worth more than $1 billion designed to support U.S. exports and secure approximately 4,000 U.S. jobs. The Board's approval of these agreements is consistent with the Export-Import Bank's mission to support U.S. businesses and meet charter requirements. Key deals include Boeing committing $225 million in aircraft exports to Royal Air Maroc, providing 1,100 jobs in South Carolina and Ohio. Another major deal is Korean Air's commitment to export aircraft to South Korea for $637 million, which is expected to provide about 3,000 jobs in four U.S. states. The board also proposed a non-binding resolution to enhance financing of critical minerals and rare earths in response to growing interest in Congress. This is consistent with the U.S. Export-Import Bank's China and Transformative Exports Program, which also provided…
Maduro’s plane seized by US over export controls
Leading professional publication providing news and insights on global export controls and sanctions.First published in 2011, WorldECR is a platform for understanding developments in international sanctions and export controls and their impact on global trade. WorldECR is your indispensable resource when it comes to solving problems around the world.
Intellexa Sanctions – Export Compliance Manager
Leading professional publication providing news and insights on global export controls and sanctions.First published in 2011, WorldECR is a platform for understanding developments in international sanctions and export controls and their impact on global trade. WorldECR is your indispensable resource when it comes to solving problems around the world.
New deemed export application guide
The U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) has updated its “Guidelines for Preparing Export License Applications Involving Foreign Persons (Deemed Exports/Reexports).” Announcing the update on September 9, BIS said the guidance "addresses license submission requirements related to the release of controlled 'technology' and 'source code' to foreign persons in other circumstances, such as participation in collaborations subject to restrictions research by foreign students.” Continue reading Subscription features Export Compliance Manager With insights and solutions, solve the problems and challenges that keep trade compliance professionals up at night. Export Compliance Manager Share the expertise of experienced professionals to educate readers on best practices in trade compliance and help realize real business advantages. Export Compliance Manager Recognizes trade compliance professionals for their valuable contributions to their companies, communities and international security. Subscribe login The post New Designated Export Application Guidelines appeared first on Export Compliance Manager.
EU updates dual-use export control list
Leading professional publication providing news and insights on global export controls and sanctions.First published in 2011, WorldECR is a platform for understanding developments in international sanctions and export controls and their impact on global trade. WorldECR is your indispensable resource when it comes to solving problems around the world.
News Flash – Export Compliance Manager
Leading professional publication providing news and insights on global export controls and sanctions.First published in 2011, WorldECR is a platform for understanding developments in international sanctions and export controls and their impact on global trade. WorldECR is your indispensable resource when it comes to solving problems around the world.
Export compliance traps
Christine Kelleher Complying with export regulations can be difficult! Understanding where to find these regulations, how to interpret them, and apply them to business in an ever-changing environment can be challenging, to say the least; not to mention that regulations are not set in stone. This means that what was fine last week may not be so good this week, placing the burden on the industry to always understand a company's international trade footprint and stay current and vigilant about export regulations. Let’s look at some scenarios that could land a company in trouble: Ignore red flags No one wants to be the one to stop shipping when you know your company's revenue is at stake. But it’s also important to remember that complying with the law is not optional, and avoiding export violations by recognizing red flags is key to complying with the law to avoid fines and penalties. The U.S. government wants industry to address red flags rather…
Remember this date: Global import and export year-end review and
As is tradition, we are pleased to invite you to our annual Global import and export year-end review and trade compliance development meeting. The conference will provide valuable insights into the latest developments, challenges and opportunities in the changing international trade landscape. We will host this conference as a split hybrid format with an in-person event in Santa Clara, California. November 12 And virtual panel November 19-21. See below for details. Live Events Join us for an important fireside chat on "Navigating the Future of U.S.-China Trade Relations" featuring Kyle Sullivan, Vice President of Business Advisory Services at the U.S.-China Business Council (USCBC). The fireside chat will be followed by Two panels The forum will explore forward-looking M&A insights related to trade due diligence, outbound investment, and discuss the challenges posed by escalating global sanctions enforcement.Learn from our speakers and gain the knowledge to make informed decisions and gain a competitive advantage in the evolving global marketplace. Please note that…
WorldECR | ECJU “LITE”: New online service for export
Home > information > ECJU "LITE": new online service for export licenses The UK Department for Business and Trade (DBT) Export Control Joint Unit (ECJU) has announced the launch of the first service on its new online system, LITE, through which exporters can now apply for a Standard Individual Export License (SIEL). The new 'Apply for SIEL' service is a transition from the current SPIRE system. The notification states: “With some exceptions, any exporter can now register on LITE through the SIEL registration link.” Exporters who participated in the private beta can continue to use their accounts through the new link or any saved links. However, there are certain exceptions for specific exporters or specific types of SIEL applications. The notice advises: "If there are exceptional circumstances, you should apply for SIEL on SPIRE." Detailed information about these exceptions can be found on the GOV.UK SIEL guidance page and on the start page for new services. These pages will be…
WorldECR | BIS updates export regulations
Home > information > U.S. Department of Commerce's Bureau of Industry and Security Updates Export Regulations, Adds New Self-Disclosure and Penalty Guidance The U.S. Department of Commerce’s Bureau of Industry and Security (BIS) has finalized a new rule amending the Export Administration Regulations (EAR) to make significant changes to the voluntary disclosure process and administrative enforcement procedures. These changes will take effect on September 16, 2024. The updated rule amends EAR 764.5, which deals with the process for submitting a voluntary self-disclosure (“VSD”). According to the rule, the changes “revise the provisions relating to the voluntary self-disclosure process for exporters who believe they may be in violation of the EAR or any order, license, or authorization issued thereunder.” Additionally, the rule updates Supplement 1 to Part 766 to provide “clear guidance regarding the determination of fees and penalties in settlements of administrative enforcement cases.” These revisions are intended to align with the policies announced in BIS policy memoranda from 2022…
U.S. Department of Commerce’s Bureau of Industry and Security Issues New Guidance for Preparing Export Licenses
The U.S. Bureau of Industry and Security (BIS) released New Guidelines Assist deemed export applicants in obtaining licenses. The guidelines apply primarily to employment situations; however, they also address other situations, such as the release of controlled technology to foreign students involved in research. The guide covers the basic requirements for application and renewal and includes an application checklist. Deemed Export/Re-Export License Background Prior to the release of controlled technology to a foreign person, an export license must be obtained from BIS, an obligation often referred to as a “deemed” export. The release is deemed to be an export to the person’s country of citizenship or nationality. this Export Administration Regulations (ear), Section 734.13Defines deemed export as the release or other transfer of “technology” or “source code” to a foreign person in the United States. Typical organizations that use deemed export licenses include universities, research institutions, biochemical companies, medical institutions, and computer companies. New Guidelines Basic guidelines for completing a…
WorldECR | UK government suspends 30 arms export licenses
Home > information > UK suspends 30 arms export licences to Israel The British government said that "following a review of Israel's compliance with international humanitarian law, the United Kingdom has decided to suspend the issuance of arms export licenses to Israel for military operations in Gaza." The statement said, "The UK's strict export licensing criteria stipulate that the government will not issue export licenses if these items could be used to commit or assist serious violations of international humanitarian law. The suspension of exports will not change the UK's firm support for Israel's security, and the UK will continue to review this decision." British Foreign Secretary David Lammy said: "In the face of conflicts like this, it is the UK government's statutory obligation to review export licences." “I regret to inform Parliament that I have received assessments showing that there is a clear risk that certain weapons exported by the UK to Israel could be used to commit or…
WorldECR | Hungarian national arrested for export control violations
Home > information > Hungarian national arrested on export control charges upon arrival in U.S. The U.S. Department of Justice announced charges against Hungarian national Bence Horvath for "violating U.S. export controls against Russia, including conspiring with others to illegally export U.S.-origin radio communications technology to Russian government end users without a license." Horvath was reportedly arrested upon arriving at San Francisco International Airport on August 23rd on a charge of “one count of conspiracy to violate the Export Control Reform Act of 2018 (ECRA)”. “Hovat and others managed a transnational procurement network that contracted directly with various Russian government entities and participated in large-scale projects, such as the construction of a radio communications system in the Kursk region on the Russian/Ukrainian border,” the court document states. “The indictment alleges that Horvat personally arranged for the purchase of U.S. radio communications technology and smuggled that technology to Russian government end users through a network of affiliates located in Spain, Serbia,…
Import and Export Business Success Story of Shree Hari Kaliya
Mr. Shree Hari Kaliya is one of our colleagues from Latur who has been exporting pulses and has made a success in the import and export business. To understand the import and export business, let’s learn how he started this company in this blog. introduce Mr. Shree Hari Kaliya graduated from Pune University with an engineering degree and had worked in the IT industry for some time. After deciding to join the family business, he started looking for other business options. Later, his father suggested him to learn import and export business. Mr. Shree Hari completed an online import and export course and found the industry very fascinating. After completing the import and export course, he started looking for commodities to export mainly from India. As he comes from an agricultural family with a background in oilseeds and pulses. He then made a decision about his products, which were sold domestically by his father and brother. His products had been…
India’s major import and export situations and countries
introduce In an interconnected world, international trade is crucial to influence the economy. India, with its vast market and expanding economy, has become a major player in world imports. This blog delves into the specifics of India’s import sector, the workings of India Import and export businesstop countries from which India imports and the commodities from which India imports the most. Imports are an important part of the Indian economy. Imports make it easier for India to get products and services that may not be readily available locally, thereby helping numerous industries and satisfying customer needs. India imports a wide variety of things, including machines, machinery, crude oil, electronics, and more for both manufactured and consumer goods. India's major import partners include the United States, China, the United Arab Emirates, etc. These countries contribute greatly to India's imports, increasing the diversity of goods in the Indian market. Major importers of India Value of India’s imports $613 billion2021–2022 and $714 billion…
HS code section for export and import products
NoHSN CodeHot Products value 101, 02, 03, 04, 05Live animals, edible meat, fish and crustaceans, dairy products2,408 crore206, 07, 08, 09, 10, 11, 12, 13, 14Living trees and other plants, edible vegetables, edible fruits and nuts, coffee, tea, oilseeds and oleaginous fruits Rs.72,037 crore315Animal, vegetable or microbial fats and their decomposition products; prepared edible fats and animal or vegetable waxesRs.169,548 crore416, 17, 18, 19, 20, 21, 22, 23, 24Sugar, cocoa, meat products, fish products, vegetable products, fruit products, nut products, cereal products, flour products, starch products or dairy products, beverages, spirits and vinegar, tobacco26,692 crore525, 26, 27Salt, sulphur, earth and stone, plastering materials, ores, slag and ash, mineral fuels, mineral oilsRs.2,178,259628, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38Inorganic chemicals, organic chemicals, pharmaceutical products, fertilizers, essential oils, photographic or cinematographic products, pyrotechnic products, perfumes, cosmetics or toiletry productsRs.596,425 crore739, 40 Plastic, rubber Rs.219,029 crore841, 42, 43Raw hides and skins, leather, saddlery and harness, handbags, fursRs.779 billion944, 45, 46Wood…
Import and Export Business | India’s Major Export Products
NoHSN CodeHot ProductsvalueMajor countries101,02,03,04,05Live animals, edible meat, fish and crustaceans, dairy products,Rs.88,094 croreMalaysia United Arab Emirates United States206,07,08,09,10,11,12, 13,14Living trees and other plants, edible vegetables, edible fruits and nuts, coffee, tea, oilseeds and oleaginous fruitsRs.203,316 croreUnited States United Arab Emirates Saudi Arabia315Animal, vegetable or microbial fats and their decomposition products; prepared edible fats and oils; animal or vegetable waxesRs.165.81 billionChina Netherlands United States416,17,18,19,20,21,22,23,24Sugar, cocoa, meat products, fish products, vegetable products, fruit products, nut products, cereal products, flour products, starch products or dairy products, beverages, spirits and vinegar, tobacco114,869 croreUnited States Sudan Indonesia United Arab Emirates525,26,27Salt, sulphur, earth and stone, plastering materials, ores, slag and ash, mineral fuels, mineral oilsRs.857,639 croreChina Bangladesh Netherlands628,29,30,31,32,33,34,35,36,37,38Inorganic chemicals, organic chemicals, pharmaceutical products, fertilizers, essential oils, photographic or cinematographic products, pyrotechnic products, perfumes, cosmetics or toiletry productsRs.480,515 croreUAE USA Nepal China739,40Plastic, rubberRs.99,113 croreUnited States, Germany, United Arab Emirates841,42,43Raw hides and skins, leather, saddlery and harness, handbags, furs24,677 croreItaly United States Germany944,45,46Wood and wood products, charcoal, cork…
Comply with Canadian export and import regulations
By Shawna Karajic, Export Solutions Inc. Spoiler alert – similar but different As a U.S. importer or exporter, we must comply with specific regulations. For defense articles, we are regulated by the International Traffic in Arms Regulations (ITAR); for dual-use and commercial items, we are subject to the Export Administration Regulations (EAR); and for imports into the United States, we are regulated by the Customs Regulations and the Harmonized Tariff Schedule of the United States (HTSUS). Importers and exporters in Canada are also subject to complex regulations. In fact, from the perspective of a humble US trade compliance professional, I would argue that Canada’s import and export regulations are just as complex as those in the US, and exporters and importers must also work within a matrix of government agencies. Incidentally, Canada loves their acronyms just as much as the US does, but perhaps not as much as they love hockey pucks! Importing into Canada: When entering Canada, Canadian companies…
$100 billion import and export opportunity
India Indian Prime Minister Narendra Modi pays official visit to Russia Work with President Putin to promote bilateral trade and economic relations and develop a trade roadmap to achieve Target of USD 100 billion (Rs 834 lakh crore) annual trade by 2030This is one of the biggest import and export opportunities that every importer and exporter should consider in order to expand their business. The goal is to improve Import and export trade structure Trade procedures/process Emphasis on trading in Indian Rupee (INR) Provide job benefits, and Strengthen logistics support Focus on “Made in India” products Why does India want to take India-Russia trade volume, growth and balance to a higher level? In 2023, India's trade with Russia reached a record high of $65 billion. Trade volume increased significantly by 66% last year and is expected to increase by another 20% in the first quarter of 2024. India's trade deficit with Russia is $57 billion during 2023-2024. Therefore, India is…
What is a merger? – Import and export licenses
When trying to use the various features of electronic tax filing, such as applying for a customs code or trying to obtain an Advance Payment Notification Number (APN), encountering a consolidation error can be a frustrating obstacle. But what exactly is a consolidation error? And how can you deal with it effectively? Let’s delve into the complexities of consolidation errors and explore the steps to resolve them. What is a merge error? According to the South African Revenue Service (SARS), consolidation errors can arise from incorrect or mismatched information in one or more of a taxpayer’s tax categories. Tax categories are products of the South African Revenue Service, such as income tax, PAYE, VAT, UIF, customs duties, etc. Listed below are some common causes of consolidation errors: The registered SARS representative for a particular tax category is missing or the details of the SARS registered representatives for different tax categories do not match. The contact details of the SARS registered…
Export Incoterms and VAT
Customer Question: I am about to export copy paper from Durban to Kenya for the first time using a local shipping company, using the CIF incoterm. I will be purchasing the goods locally and paying the VAT. Normally I would charge the buyer the VAT and show the input/output VAT to SARS, but in this case I cannot do that. How can I avoid losing VAT? answer: VAT suppliers can claim back all input VAT on all local purchases, regardless of whether the goods are purchased for home use or exported. To understand the impact of export VAT, let's explain the difference between direct and indirect exports. Direct export: This refers to situations where a South African supplier arranges for the delivery of goods to a foreign buyer. In this case, the supplier can apply a zero VAT rating, meaning that no VAT is payable on the goods. Please note that to apply zero rating to exports, suppliers must: Export…
Arms Sales to Taiwan – Export Compliance Manager
Leading specialist publication providing news and insights on global export controls and sanctions.First published in 2011, WorldECR is the platform for understanding international sanctions and export control developments and their impact on global trade. WorldECR is your indispensable resource on a global scale, covering a wide range of issues.
BIS Denies Export Privileges to Former FBI Official and Lawyer
Leading specialist publication providing news and insights on global export controls and sanctions.First published in 2011, WorldECR is the platform for understanding international sanctions and export control developments and their impact on global trade. WorldECR is your indispensable resource on a global scale, covering a wide range of issues.
Statute of Limitations Extension – Export Compliance Manager
Leading specialist publication providing news and insights on global export controls and sanctions.First published in 2011, WorldECR is the platform for understanding international sanctions and export control developments and their impact on global trade. WorldECR is your indispensable resource on a global scale, covering a wide range of issues.
Comparison between US export controls and EU export controls
The United States and the European Union are the world’s two largest trading partners. In 2021, 15.5% of total U.S. exports (by dollar value) went to EU member states, while 17.3% of total U.S. imports came from the EU, according to the U.S. Office of Technology Assessment. With so much goods flowing back and forth, it’s perhaps surprising that there isn’t a comprehensive bilateral trade agreement between the two countries. source: Worldtopexports.com Both the US and EU export control systems follow four multilateral export control mechanisms that establish common control lists and practices for governments around the world. They are: Different and sometimes surprising combinations of governments work together to develop these common rules because it makes their national policies more effective—both for exporters who follow the rules and for the government agencies that enforce them. As a result, the EU rules (now known as Regulation 2021/821) have much in common with the U.S. Export Administration Regulations (EAR). Both regulations…
Export Control Audits: What You Need to Know
The purpose of an export control audit is to ensure that your organization is properly managing all compliance issues related to export activities. Auditing is critical to an export control program as it helps identify gaps in compliance and assess the effectiveness of a company’s export control measures. Auditing should not be viewed as a separate activity but rather as a standard business practice and an integral part of a comprehensive export control program. This is an important process; depending on the size and business of your company, compliance issues can be widespread, involving many people who have never heard of the EAR or ITAR, and who are unaware that their work involves exports. For example, a programmer at a computer services company might have good reasons to share code snippets with programmers at a foreign subsidiary, but this could inadvertently be exporting controlled information. A sales representative might be doing the same thing if he provides a quote to…
U.S. Export Controls and Sanctions on Venezuela
When considering Venezuela in the context of U.S. export controls and sanctions, it is important to grasp some basic aspects, such as the specific sanctions in place and Venezuela’s status under the International Traffic in Arms Regulations (ITAR) and the Export Administration Regulations (EAR). Venezuela is subject to strict restrictions and controls under the International Traffic in Arms Regulations and the Export Administration Regulations due to U.S. foreign policy and national security concerns. Venezuela has been subject to U.S. sanctions since 2005 targeting the government of Nicolás Maduro (and before that, Hugo Chavez) and individuals who engage in criminal activity, corruption, and anti-democratic behavior. These sanctions include not only sanctions on Venezuelan individuals and entities, but also industry and financial restrictions. Venezuela and the International Traffic in Arms Regulations Venezuela is included on the 126.1 Prohibited List under the International Traffic in Arms Regulations, which prohibits imports, exports, and sales from certain countries. The list is determined by three key…
Export Control Jurisdiction Overview and
Determining the classification of an item under the Export Administration Regulations (EAR) or the International Traffic in Arms Regulations (ITAR) can be the trickiest part of the entire export process. It can also be the most important part; until you correctly classify the item, you can't be sure if you need an export license. The following is a high-level overview of the process, along with some key points learned through hard-earned experience. It is intended to provide a basic approach to item classification for those just beginning their education in export compliance. To gain insight into this process, the ECTI course “The Ultimate Guide to Classification: Basics, New Advances, and Expert Tips” may be helpful. Terminology and background Before we dive in, let’s get some basic definitions out of the way: Even in the field of international trade,Classification” can mean different things. When we use it, we are specifically referring to determining whether an item is on the United States…
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