How to be a *Gold-Star Importer*
Mitigate border delays, penalties, and sleepless nights by being a fully informed, law-abiding citizen. Why you should try to improve your importing game Cross-border shipping is an important part of your business and it takes time and attention to ensure you get it right. Fulfilling your customs responsibilities will.
Duty Drawbacks: Don’t miss out on a chance to save money!
Do you frequently import goods, pay the duties and then re-export those goods, either as-is or incorporated into a finished product? Even if you’ve done this hundreds of times, you may not know that duties can usually be recovered on those items. Filing a duty drawback can have significant benefits – reducing your.
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.
Ordering offshore for the first time? Here’s what you should know.
Many businesses today source offshore to take advantage of lower prices or to obtain goods unavailable in North America. The savings can be significant: sourcing from China, for example, can reduce product costs by as much as 75% - or even more (1). However, there also may be different financial requirements, export.
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.
Free Trade Agreements: Rich with opportunities for those in the know
In today’s fast-paced and evolving global marketplace, countries are increasingly turning to free trade agreements (FTAs) to enrich their relationships with important trading partners. Since the signing of the North American Free Trade Agreement (NAFTA) in 1994 by Canada, the U.S. and Mexico, Canada has entered into.
Cole International Launches Another Industry First
Cole International now offering new Free Trade services. See Press Release. List of FTA Countries.
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.
