REX System Explained:Comprehensively outline two crucial systems for international trade, particularly concerning the European Union: the Registered Exporter System (REX) . The REX system is presented as a self-certification mechanism allowing registered exporters to declare the origin of their goods, streamlining customs processes and enabling preferential tariff treatment under schemes like the Generalised System of […]
Declar8 is a new application developed by MCP, a leading UK Community System Provider (CSP), for submitting import declarations into the Customs Declaration Service (CDS). It was created to address the need for a new application as HMRC is not replacing CHIEF HCI for CDS, meaning customers require a new tool to make declarations. Declar8 […]
The Registered Exporter System (REX), a crucial mechanism for preferential trade, particularly within the European Union’s Generalized System of Preferences (GSP) and various Free Trade Agreements (FTAs). The sources also introduce the Rapid Alert System for Food and Feed (RASFF), an EU-wide system for ensuring food safety. I. Registered Exporter System (REX) The REX system […]
In this presentation we explain what ISPM15 is and why it’s crucial for anyone using wood packaging materials in international trade. Learn about the regulations, compliance requirements, heat treatment, marking standards, and how ISPM15 helps prevent the spread of pests across borders. Whether you’re an importer, exporter, or logistics professional, understanding ISPM15 is essential for […]
Excise Duty in the UK and EU: A Practical Guide for Importers & Exporters Excise duty is a specific type of indirect tax applied to certain goods such as alcohol, tobacco, and energy products. Unlike customs duty, excise duty is typically based on quantity rather than value and applies both to domestically produced and imported […]
Table of Contents Aspect Bill of Lading Document of Sale Purpose Proof of shipment and contract for transport Proof of transaction and payment terms Parties Involved Shipper, carrier, consignee Buyer and seller Transferability Negotiable (in some cases) Non-negotiable Legal Standing Acts as a contract of carriage and title document Confirms the sale and payment agreement […]
What You Need to Know About REX and the REX Process In the world of international trade, understanding the various schemes and certifications available can significantly streamline the customs process and reduce costs. One such important scheme is the Registered Exporter System (REX). Introduced by the European Union (EU), REX simplifies how exporters certify the […]