Brazil: Daimler to Build New Factory
It has been published that, German auto-maker Daimler AG said early in October that it plans to set up a new Mercedes-Benz assembly plant in Brazil on 7 October 2013. One of the aims of this move is to reduce the impact of Brazil’s country’s
See MoreJapan: Changes in customs Valuation regulations
The customs valuation regulation has been changed in Japan. The valuation is based on the transaction value in line with World Trade Organization (WTO) rules but the change in the regulations clarifies the issue of which particular transaction is to
See MoreEgypt: Customs Tariffs on Luxury Goods
Egypt has issued a presidential decree raising customs tariffs on imports of luxury goods. Under the decree a 40% tariff will be applied to imports of goods including sunglasses, watches, video games, shrimps, fireworks and boats. Two new customs
See MoreRussia Lines Up Heavy Crude Export Tax Relief
On 9 March 2012 it was reported that the Russian government is considering the introduction of a significant new tax concession to make expensive extra-heavy crude extraction and refinement projects more viable, to boost the nation's export
See MoreThailand: Import Tariff Exemptions
Thailand’s government has approved the waiving of duties on their imports of machinery and spare parts, until the end of June 2012. The measure was taken to help businesses with plants damaged by the floods in the country. The measure will cover
See MoreExpansion of Preferential Tariffs in South Korea
With effect from January 1, 2012 a further expansion of its tariff exemption programme for products from least-developed countries (LDCs) has been announced by the South Korea’s Ministry of Strategy and Finance. Mostly 250 items of agricultural,
See MoreTax rebate on cotton exports in India
Fall in both domestic and international prices of cotton led the Indian government to review the industry which has been in trouble recently. The Govt. has decided to restore tax rebates on raw cotton and cotton yarn for export in this regard . From
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