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Export & Import Blog

02
May

Re-export of Luxury Cadillac Escalade SUV Doesn’t Wipe Out Penalty for Misdeclaration: Madras High Court 

The Madras High Court has held that an importer cannot escape penal consequences for misdeclaration merely by opting to re-export the goods and clarified that penalties, confiscation, duty demand, and...
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02
May

Kenya Sugar Board says imported industrial sugar is not for retail, cites strict port monitoring

The Kenya Sugar Board (KSB) has pushed back against concerns that imported industrial sugar is being diverted into the local retail market, insisting that all such consignments are raw materials...
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02
May

LCCI president backs sugar export to ease ‘surplus’

A man can be seen off-loading sugar backs from a truck. —AFP/File LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has said that the export of surplus sugar will...
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02
May

US Sanctions Chinese Firm for Importing Iranian Oil

The United States has intensified its enforcement against Iran’s oil trade by sanctioning Qingdao Haiye Oil Terminal Co., Ltd., a Chinese crude oil terminal operator. The company’s involvement in importing...
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01
May

Venezuela’s oil exports jump to highest since 2018, with more sales to US, India

Venezuela’s oil exports rose 14% to 1.23 million barrels per day in April, the highest in more than seven years, fueled by ‌more sales ⁠to ⁠the United States, India and...
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