Tag "container"

The increase in customs value in Isreal, due to the increase in transport prices – the problem, and the way to the solution

Read an opinion piece by Advocate Omer Wagner from Isreal:

The author is employed in the indirect taxation department at PWC Israel, Kesselman&Kesselman, and is an attorney specializing in customs law, purchase tax, indirect taxation, import, export, regulation, trade levies, international trade;  What is said in the article reflects the opinion of the author only, and should not be considered as giving a legal opinion.

Have you recently tried to buy a computer, Peloton exercise bike or new furniture? If so, you may well have experienced an unexpectedly delayed delivery. You’d be in the same boat as millions of other consumers and corporate buyers in the western world. Though your order may have been stuck in one of the many thousands of containers on the Ever Given, the ship held up in the Suez Canal for months, the most likely reason for delayed deliveries is the global shortage of containers. The metal boxes that make global trade possible are in very short supply – with a domino effect on supply chains worldwide. And it all began with the COVID-19 pandemic.