Is your import business at risk? How to tell (and what to do about it)
What kinds of risks are there? We recently covered the opportunities available for importers. Now it’s time to dig into the potential risks. Risks in import businesses fall into four categories:
CBSA Verification Priorities Update: January 2019
Are your goods on it? The Canada Border Services Agency (CBSA) targets specific industries and products for extra attention at the border to ensure importers are compliant with requirements for tariff classification, product valuation and country of origin.
8 Tips for Success Amid Ongoing U.S.-China Tariff Disputes
Section 301 of the U.S. Trade Act of 1974 authorizes the U.S. president to take all appropriate action, including retaliation, to obtain the removal of any act, policy or practice of a foreign government that violates an international trade agreement or is unjustified, unreasonable or discriminatory and that burdens.
U.S. Steel and Aluminum Surtax
As many Canadian importers know, Canada applies a surtax to many goods of U.S. origin that were previously duty-free, including steel and aluminum. This was done as a countermeasure to the U.S. adding tariffs on many Canadian products in 2018.
Importing into the U.S. and the “Reasonable Care” requirement
The process of clearing goods through U.S. customs can seem a bit cumbersome and confusing. In this blog, we’ll aim to clarify the legal requirement to use “reasonable care” when importing goods into the U.S.
CBSA’s latest Targeted Verification Priorities is out. Are your goods on the list?
The Canada Border Services Agency (CBSA) targets specific industries and products for extra attention at the border to ensure importers are compliant with requirements for tariff classification, product valuation and country of origin.
Country of Origin and Why It Matters
(hint: it may not be the U.S.) Country of origin is an important piece of information on all import documents. Even more so now, with increasingly more U.S. products being subject to duties in the ongoing “trade war” between our two countries. Incorrectly indicating the U.S. as the country of origin could mean you'll.
Maintaining Your Records
Compliance 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.
Customs audits and compliance
Customs verifications (a.k.a. audits) are serious matters, and their impact on a business can be significant. You never know if or when Customs will come calling, but you can conduct your business to be prepared to weather an audit with minimal disruption.
Compliance Verification Trends: Issue #1 – Jan/Feb 2018
The Canada Border Services Agency (CBSA) carries out regular verifications (audits) of import activities in order to ensure compliance with requirements for tariff classification, product valuation and country of origin.
