Trade Compliance Blog

Although not frequently updated, How to Save Customs Duty Revealed has some good resources on importing and exporting in the UK. Recently the author covered what kinds of customs risks companies encounter in international transactions: Customs Valuation contradictions Method of Valuation: Quantifying adjustments Related Party Transactions Royalties, R&D Costs, Interest Charges, Design & Development Work [...]

With GM filing for bankruptcy today, looks like their plan to export cars from China will be one way in which they aim to make a comeback rather than prevent bankruptcy.

According to the UK Telegraph, “General Motors is planning to build cars in China and import them into the  United States, a strategy that could trigger further job losses and union anger  in the US.” This is a topical example of ‘related party trade‘ – when one business is simultaneously importing and exporting among itself. [...]