India customs is more closely scrutinizing transfer pricing methodologies of several multinationals that could lead to challenges to the valuation of their related party imports and exports, according to a report in the Economic Times. Under an initiative first launched in 2016, India’s customs and income tax authorities are now finally beginning to share trade and tax data, respectively, the report said. Previously, the two agencies didn’t share data, so companies could get away with “information arbitrage” in some cases, it said. No “notices” have been issued yet to multinationals, but they could come in the coming months in some cases, the report said.

Thailand’s recently passed Weapons of Mass Destruction Related Items Act will take effect Jan. 1, 2020, according to a June 4 notice from Baker McKenzie, regulating all goods related to the spread of weapons of mass destruction. Products include “armaments,” dual-use items and “tangible and intangible items that could have commercial interest, technology or even software,” the notice said. The act would control exports, re-exports, transshipments, transits, brokering and other actions related to the weapons.

Singapore Customs outlined rules of origin requirements and certification procedures under the new ASEAN-Hong Kong Free Trade Agreement that is slated to take effect June 11, in a recent circular. Beginning on that date, preferential treatment for Singapore-originating goods can be claimed under the agreement in Hong Kong, Laos, Myanmar, Thailand and Vietnam. AHKFTA treatment is not available in other Association of Southeast Asian Nations (ASEAN) member states because they have not yet ratified the agreement, the circular said. The agency also outlined procedures for claiming preferential treatment in a separate circular.

India is adding about 100 electronic licenses, permits, certificates and authorizations from 23 participating government agencies (PGAs) to the eSANCHIT application, the Central Board of Indirect Taxes and Customs said in a June 3 circular. The new forms bring the total number of PGAs using eSANCHIT to 27, with only four previously having been set up in eSANCHIT since electronic filing capabilities for the system were launched in April 2018.

China bought about 13 million metric tons of American soybeans since December, when President Donald Trump decided to hold tariffs at 10 percent on List 3 of the Section 301 actions. But according to a new report from Bloomberg, those purchases have stopped. Officials told Bloomberg reporters that previously contracted sales will be honored. China may need fewer soybeans from any source because of the African swine flu epidemic crimping demand for livestock feed, the report noted.

The Hong Kong Trade and Industry Department issued a circular May 28 listing the latest version of signatures of officers at the agency that are authorized to sign and issue Delivery Verification Certificates and import and export licenses covering strategic commodities.

A Singapore man was sentenced to three weeks in prison for giving false information to Singapore Customs, according to a May 23 press release. The man, Ramesh Krishnasamy, helped operate an import business, Green Royal, which imported 800 cartons of duty-unpaid cigarettes and declared them as “176 pieces of empty plastic baskets,” Singapore Customs said. When Customs questioned Ramesh during the investigation, Ramesh gave a fake name to Customs for the man who Ramesh claimed “had suggested to him to start the business,” the press release said. Ramesh later told Customs he made up the name “to conceal the identity of the man,” an Indian national that was able to leave Singapore during the investigation. Singapore said it also arrested the Malaysian “lorry driver,” K Kumar Kannan, for knowingly transporting the cartons of cigarettes, which were concealed in a compartment in his vehicle. He was sentenced to prison for one year. Singapore Customs said giving false information can result in fines of up to $5,000 and/or one-year prison sentences.

The oversight of inspection and supervision of China’s exported and imported toys has been granted to China’s General Administration of Customs, according to a May 23 alert from the Hong Kong Trade Development Council. The change gives China Customs “responsibility for the inspection” of all traded toys listed in the “Catalogue of Import and Export Commodities Subject to Inspection,” HKTDC said. All toy exports and imports not listed in the catalogue will “remain subject to spot-checks in accordance with the prevailing GAC regulations,” the alert said.

China recently announced the broad outlines of a new food safety plan that seeks to implement a “world-leading set of food safety standards” by 2035, said a report by state-run news agency Xinhua. Utmost efforts should be made in developing standards, conducting regulation, imposing penalties and seeking accountability, the plan said, according to Xinhua.

China’s General Administration of Customs plans to “advance” joint law enforcement with its U.S. counterparts on intellectual property rights, according to a state-run news agency Xinhua report May 15. The effort comes amid expanded international cooperation on IPR protection, with more than 190 cooperation documents already signed and memorandums of understanding on IPR law enforcement signed with the U.S., the European Union, Russia, Japan and South Korea, the report said. A joint law enforcement mechanism has already been set up with Russian customs authorities, Xinhua said. “In addition, China will facilitate information and data sharing with other countries to more effectively crack down on IPR infringement and boost customs officers exchanges for capacity building,” the report said, citing an interview with GAC Department of General Operation chief Jin Hai.