The Importance of Correct Tariff Classification: Get it Right the First Time
Importers have an obligation to correctly classify their goods for tariff classification, and to understand the potential ramifications of incorrect tariff classification.
Importing printed material? New potential opportunities!
We all know that different types of goods mean different rates of duty at the border. What’s not as intuitive is understanding the distinction between similar items and knowing what classification category an item belongs to for the purpose of assigning duty.
Heads up! CBSA is serious about compliance.
We all know that an audit – or Trade Compliance Verification – by the Canada Border Services Agency (CBSA) is a looming possibility for anyone involved in cross-border trade. And recently it seems that audits are becoming more frequent.
New Foreign Trade Zone – Windsor-Essex
Foreign trade zones (FTZ) are designated regions within a country where trade barriers such as tariffs are reduced or eliminated, and bureaucratic requirements are lowered for the purpose of attracting foreign investments and international business.
Cole International Opens New Branch!
Cole International has opened a new U.S. office in Seattle, Washington.
Laws and contracts in international trade
When you are focussed on the day-to-day operations of your business, the laws that underlie that business may not be front of mind. But, as you can probably appreciate, the legal aspect of international trade is not something you can afford to neglect.
CBSA’s New Accounting System: Let’s understand this a little better
CARM The Canada Border Services Agency (CBSA)’s Assessment and Revenue Management project (CARM) is a large, multi-year project focused on transforming how the CBSA assesses, collects, manages and reports on import revenue and trade information. Among its goals is the simplification of accounting systems with the.
Has the new 2017 Customs Tariff impacted you?
HS system 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).
Canada-Ukraine Free Trade Agreement
Canadian importers and exporters can now count Ukraine among the nations with which they can engage in duty-free trade.
CETA finally has an implementation date.
The Canada-EU Comprehensive Economic and Trade Agreement (CETA) finally has an implementation date. Prime Minister Justin Trudeau and European Commission president Jean-Claude Juncker made a joint statement on the weekend [July 8] announcing that the provisional application of the massive deal will come into effect.