If so, we’d like to clear up a new – and potentially confusing – requirement.[Read More]
Customs compliance is an essential part of every import business. Being compliant means being aware of – and abiding by – the laws and policies regulating imports and exports. Savvy importers adopt comprehensive company-wide compliance practices and keep on top of regulatory changes to adapt as necessary.[Read More]
A certificate of origin is a legal document that certifies a product’s country of origin. Certificates of origin (COs) are needed to assess the correct duty and to qualify imported products for reduced duty under free trade agreements (FTAs).[Read More]
Canada, the U.S. and Mexico – neighbours who trade more than $1 trillion per year among them – have been negotiating since August to rework the North American Free Trade Agreement.[Read More]
Bringing a vehicle into the U.S. involves several steps and – most of the time – payment of duties and taxes (much like importing a vehicle into Canada, which was explained in a previous blog).
If the vehicle will stay in the U.S. for more than 365 days, if it’s a permanent move, or if the vehicle is imported for commercial use, the owner must import the vehicle immediately upon entering the U.S.[Read More]
When you ship by sea, cargo insurance is a must. Even if your shipment seems indestructible… isn’t travelling far… or isn’t very valuable, insuring oceangoing goods is always recommended.
Without insurance, you could be on the hook for a significant charge if a General Average is declared.[Read More]
CBSA identifies specific industries and products as priorities for audits, and updates their verification priority list on an ongoing basis.[Read More]
EDI (electronic data interchange) is the electronic exchange of business data in a standardized format between trading partners and
with customs agencies. It replaces paper-based document exchanges of the past and offers the benefits of lower costs, increased transaction speed, improved accuracy, and smoother transactions.
But what’s involved in importing, and how do you know for sure whether the car you’re considering will be allowed across the border? Will that “great deal” still be as good once you factor in all the duties, taxes and other fees to get it here?[Read More]
What is duty?
Duty is a tax paid to the customs authority of the country into which goods are being imported. The amount of duty is usually calculated based on the value of the goods – but can also vary depending on other factors such as quotas, timing, quantity and country of origin.