The Difference Explained: Part 2
Quota vs. duty The words quota and duty are thrown around a lot when we’re talking about a country’s trade, economy and GDP – and the two are related in that they serve to control the impact on a country of importing goods. …but let’s delve a little deeper.
How to avoid delays at the border
Are your goods getting stuck at the border, and you’re wondering why? Delays at the border can be frustrating, stressful and costly – and they’re also avoidable!
The Difference Explained…
Tariff vs. duty The words tariff and duty are often used interchangeably, but there is a difference in their meaning and usage. In essence: When a government and the economy are mentioned, the word tariff is more commonly used; when the rates and the amount paid or owing are discussed, the word duty is more commonly.
The Importance of Correct Tariff Classification: Get it Right the First Time
Importers have an obligation to correctly classify their goods for tariff classification, and to understand the potential ramifications of incorrect tariff classification.
Cole International Opens New Branch!
Cole International has opened a new U.S. office in Seattle, Washington.
Has the new 2017 Customs Tariff impacted you?
HS system The Harmonized Commodity Description and Coding System (HS) is the internationally recognized system for coding and describing products for trade. The HS was developed and is maintained by the World Customs Organization (WCO).
Get with the times! Boost supply chain efficiency through best use of technology
Businesses large and small depend on digital information transfer to facilitate commercial transactions all along the supply chain – from handling inquiries to placing orders to electronic payment and shipping. The internet has become an enabler of commercial global enterprise – organizations can now move information.
Importing Wooden Products into Canada
The Canadian government regulates the import of all wooden products and wood-containing products into Canada. And, because these items can carry and introduce harmful pests, their import is tightly controlled. The Canada Border Services Agency (CBSA) works closely with the Canadian Food Inspection Agency (CFIA) to.
Take charge of the shipping process to improve your success rate at the border and beyond
We hear concerns from importers and exporters every day. Concerns such as… "My carrier had to wait at the border, causing delays for not just my shipment but all the shipments on the truck." "My air shipment arrived and was not accepted by CBSA so it didn’t clear until the next day. I might as well have sent it by.
The U.S. is proposing a “20% border tax.” What will it mean for you?
Donald Trump’s administration is talking about introducing a 20% “border tax” on imports to the U.S. to help pay for the proposed wall along the U.S.-Mexico border. At this point, the tax is theoretical but apparently would apply to imports from countries with whom the U.S. has a trade deficit. If this holds true,.
