New Tariff. New Rulings.
The Harmonized Commodity Description and Coding System (HS) is the internationally recognized system for coding and describing products for trade. The HS was developed and is maintained by the World Customs Organization (WCO).
Update: CETA receives Royal Assent – Bill C-30 is now law
On May 16th, the proposed legislation to implement the Canada-EU Comprehensive and Economic Trade Agreement (CETA) was granted Royal Assentby the Governor General of Canada.
What’s the auditor cooking?
The Canadian Border Services Agency (CBSA) undertakes trade compliance verifications (audits) to ensure their requirements are being met and the correct duty collected. Audits are conducted both randomly and by identifying goods of interest through targeted verifications. Here, we dive into the latest priorities for.
Increased possibility of high duties: How SIMA can affect your import costs
What is SIMA? One of the functions of the Canada Border Services Agency (CBSA) is to help protect Canadian producers from unfair foreign competition. In this spirit, the Special Import Measures Act (SIMA) helps protect Canadian industry from the unfair subsidizing and dumping of imported goods. CBSA and the Canadian.
A golden opportunity for U.S. importers: Importer Self-Assessment
What is it? Importer Self-Assessment is a U.S. Customs and Border Protection (CBP) program that offers qualified U.S. importers exemptions from certain security inspections and comprehensive audits, as well as expedited cargo release services. Started in 2002, the ISA program is based on the premise that importers.
U.S. customs compliance: A refresher
If you’ve been reading our blogs you might have caught our previous posts on this topic – for example, this one on customs negligence, and this more recent one on the “Mod Act” and non-compliance penalties. But if you’re importing into the U.S., this is important stuff – and it can be a bit confusing – even for a.
Expand Your International Trade Opportunities
The Canada-EU Comprehensive Economic and Trade Agreement February 2017 update We published an article about this agreement between Canada and the European Union back in November, shortly after it was signed. See our previous blog on CETA for a refresher. The latest development is that, as anticipated, the European.
Canada-U.S. trade in uncertain times
Are you wondering how the political changes underway in the U.S. will affect your cross-border trade? If you are concerned that you may not continue to enjoy smoothborder crossings… We don’t blame you! Given the uncertain direction of U.S. international trade – but knowing that things are not likely to get easier for.
Conditional Relief – Accurately Declaring the End Use of Your Imports Can Save You Duty
Here is another important piece of information for importers of goods into Canada: Certain dutiable goods can be brought into the country duty-free when the importer supplies attestations that the goods are being imported for specific end-uses. A certificate or record detailing the end use of the good must be.
Duty Drawback: A savings opportunity not to be missed
What is Duty Drawback? It’s a CBSA program that offers relief to Canadian businesses from payment of duties on imported goods that that meet certain criteria. Duty Drawback is an incentive program for Canadian manufacturers who produce goods for export purposes using imported components.
