Chapter 3: Importing into the U.S. – Tools are available to save you time and money
There are several programs available to importers that can facilitate the importation process and save money. Although it may seem daunting if you haven’t tapped into these programs before, it is well worth making use of them as the cost savings can be substantial.
Is it my imagination… or is Customs getting smarter?
Have you ever experienced inconsistency at the hands of U.S. Customs? Ever had shipments of similar or even identical goods classified differently at different ports of entry? Chances are, you have. Here's why: Customs Has Been Known to Be Inconsistent This isn't really that surprising, given that import assessment.
Chapter 2: Importing into the U.S. - Change is in the air
Regulatory changes related to border enforcement were signed into law in February of this year under the TFTEA (Trade Facilitation and Trade Enforcement Act). All indications are that enforcement at the U.S. border is on the rise already, and this trend is likely to continue.
Chapter 1: Importing into the U.S. – The “Mod Act”: Compliance and Penalties
The U.S. Customs Modernization Act (the “Mod Act”) is part of the North American Free Trade Agreement (NAFTA) Act and pertains to improving compliance and enforcement with U.S. customs laws. Among other things, the Mod Act places legal responsibilities on the importer for declaring all relevant information with.
Part 2: U.S. Customs Non-Compliance. Penalties vary, but none of it is good for business.
U.S. Customs and Border Patrol (CBP) assesses penalties based on level of culpability (degree of fault), which has three different designations. In decreasing order of magnitude, these are: fraud, gross negligence and negligence.
Part 1: U.S. Customs Compliance. It’s important. What’s involved?
Importing and exporting commercial goods across the Canada-U.S. border can be a complex endeavour. Doing it right requires a solid understanding of and strict adherence to a litany of government regulations overseen by government agencies on both sides of the border. On the American side, U.S. Customs and Border.
BREAKING NEWS: TIME LIMITED DUTY REDUCTION OPPORTUNITY FOR U.S. IMPORTERS
The U.S. Congress recently passed the American Manufacturing Competitiveness Act of 2016, which formalizes an administrative process for temporarily lowering duties on certain imported raw materials and finished goods. Under the revised Miscellaneous Tariff Bill (MTB), importers will be able to petition for duty.
Cole International Opens U.S. Customs Consulting Office
Cole International has opened a U.S. consulting office in Houston, Texas.
Drawback: The Forgotten Opportunity
Drawback is the refund of certain taxes, duties and fees paid to Customs on imports for certain exports from the U.S. Long considered “the most complex commercial program” of U.S. Customs, recent simplifications of the drawback law should make drawback claims somewhat easier to prepare. Unfortunately, drawback is a.
Now and Then: U.S. Customs Brokerage Associations
As far as the evolution of the customs brokerage industry goes, what you don't know might just surprise you. Here are eight surprising facts about this service.
