Posts in category

Parallel imports


Credit: Ralf Roletschek / CC BY 3.0 The 27-year-old CHIE FIT system for processing HM’s tax and customs returns will be completely shut down on March 31, 2023. It will be replaced by the Customs Declaration Service (CDS), which entered into service in 2018 and is already used for processing declarations from countries other than …

This is the first of three articles on the solar industry and forced labor. Here we focus on regulation. Articles in the coming weeks will focus on the issues facing importers and their suppliers, as well as investors and their demands. Your shipment of solar equipment is stopped by customs at the US border due …

The Naira improves slightly against its global counterparts in the parallel market on Friday as liquidity increases slightly in major forex markets. The Naira gained N3 against the US dollar from N506 which it traded last week on Friday at N503 today, Friday July 23, 2021 in the parallel market. Against the Euro and British …

BUENOS AIRES, July 19 (Reuters) – Argentina’s central bank will use “all its might” to streamline runaway demand for dollars and tame the country’s volatile parallel currency markets, which have heated up due to tight capital controls, a banking source told Reuters. Monday. Earlier this month, the bank tightened the rules on companies accessing dollars …

The Chronicle Sukulwenkosi Dube-Matutu, columnistTHE Hwange Thermal Power Plant expansion project is now 67.9% complete, with important milestones being taken on the road to aid and self-sufficiency in power generation in the country. The US $ 1.5 billion expansion program includes the addition of Units 7 and 8 which are expected to add 600 MW …

New Delhi: The Tax Intelligence Directorate dismantled a luxury car smuggling racket in Gurugram that caused tax evasion of over INR 25 crore by smuggling 20 vehicles into India on behalf of diplomats and diverting them to individual. Three people including the CEO of the Big Boys Toyz luxury car dealership were arrested by the …

ECONOMYNEXT – The capacity of radial tires has been increased by 16% to 600,000 per year to meet the high demand, said Sri Lanka-based CEAT Kelani Holdings, as import controls were lifted as the money printing created currency shortages. The addition of two tire presses and a tire making machine will increase the production capacity …

Brexit has taken place and now the UK and the EU must live side by side. But there are already signs that relations will not be harmonious, especially when it comes to the interoperability of some fairly important issues. The number of vaccines continues to rise across Europe, and to promote safe travel to countries …

The Chronicle Patrick Chitumba, Head of the Midlands BureauZIMBABWE’s economy has shown remarkable resilience despite the devastating effects of the Covid-19 pandemic, the Zimbabwe National Chamber of Commerce (ZNCC) said. With the approval of the International Monetary Fund (IMF) and the World Bank, the country is expected to develop its economy this year, taking advantage …

Hezbollah, an Iranian-backed militia, has done all it can to create a parallel state in Lebanon. A “state within a state”, many call it. The Lebanese political class has still failed to form a government after 10 months, and the ensuing political vacuum has allowed Hezbollah to demonstrate its ability to run the country through …