Trade Publications

What Every Importer Should Know About TSCA

Posted on June 01, 2018. Category: Trade Publications

What is TSCA?     In 1976, the US Congress passed the Toxic Substances Control Act (TSCA), mandating the Environmental Protection Agency to regulate the manufacture and import of chemicals. The goal of this legislation was to protect the American people from “unreasonable risk of injury to health or the environment.” The EPA does this through assessing and regulating new chemicals before they enter the commercial market, and by regulating the use and distribution of extant chemicals that are deemed dangerous. Despite its misleading name, TSCA monitors all chemicals, not just those considered toxic or dangerous.    ...

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Shedding Light on FDA LED Regulations

Posted on May 24, 2018. Category: Trade Publications

     With the New Year upon us, new regulations are coming into force. One of these that affect businesses operating across borders is the Food and Drug Administration’s (FDA) reporting requirements for all products classified under 8541.40.2000 (light-emitting diodes-LEDs). The FDA is requiring the name and physical address of the original manufacturer in order to trace all “electrically-powered product that can emit any form of radiation on the electromagnetic spectrum.”     In companies’ efforts to save energy costs, LEDs are becoming a commonly used source of lighting across industries. The U.S....

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Are Your Charges Dutiable?

Posted on May 11, 2018. Category: Trade Publications

     All importers are required to pay a percentage duty on the value of their imported merchandise, so determining the accurate value is a vital step in the entry process. When most goods come into the United States, an ad valorem (or percentage based) duty is assigned based on the total value of that good. As with any charge, an importer doesn’t want to pay more than what is required. Just like income taxes, there are both additions and subtractions that may be placed on imported goods to adjust the value.     Let&rsquo...

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Brazil Strikes Affect Imports

Posted on May 09, 2018. Category: Trade Publications

Brazilian federal tax auditors will be on strike from May 8, to May 10 and from May 15, to May 17, as they dispute salary bonuses.Customs will be affected at Brazilian ports and airports, which will lead to delays.One way to mitigate delays is to make sure that all documentation (invoices, bills of lading, etc.) are filled out correctly.If you have freight headed to Brazil, or if you would like more information about the customs process please contact us at Allyn InternationalAllyn International is dedicated to providing high quality, customer centric services and solutions for...

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Recordkeeping In A Digital Age

Posted on April 27, 2018. Category: Trade Publications

          Records are an invaluable source of information and are normally regarded as a liquid asset of any organization. Good recordkeeping is equally vital in regards to the maintenance of integrity, transparency, and accountability as “evidence of a transaction,” and also in enhancing organizational operational efficiency, equity, and effectiveness.          The unique characteristics of electronic data, compared to paper, present unprecedented new challenges for records and information management. For example, the sheer volume of electronic communications today, such as email, makes it virtually impossible for individual employees to manage the...

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Duties on Steel and Aluminum

Posted on March 09, 2018. Category: Logistics PublicationsTrade Publications

President Trump signed two Presidential Proclamations yesterday – one on steel imports and one on aluminum imports.  The President is imposing an additional 25% duty on steel, and an additional 10% duty on aluminum, imported from all countries except Canada and Mexico beginning on March 23, 2018.The breakdown is as follows:Steel Dutiesthe 25% additional duty will apply to “steel articles” imported from all countries except Canada and Mexico as of March 23, 2018; “steel articles” are defined by reference to Harmonized Tariff Schedule (HTS) 6-digit subheading, as follows:  “7206.10 through 7216.50, 7216.99 through 7301.10, 7302.10, 7302.40 through 7302.90, and 7304.10 through 7306.90, including any subsequent revisions...

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Why Have a Trade Compliance Team?

Posted on February 22, 2018. Category: Trade Publications

Is your enterprise meeting all of its compliance needs? The great paradox of global trade is that it is integral to growth, but few specialist understand the challenges of operating internationally. Every mid to large size company in business has a strategy in place for meeting their accounting, human resources, and facilities needs and the best among these have developed ways of making these areas value adders. However, compliance with the various laws and regulations that govern global trade is still viewed as an afterthought by many of these same organizations.As global supply chains and the regulatory environment grow...

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Reasonable Care: How Much is Enough?

Posted on February 01, 2018. Category: Trade Publications

There are many interesting concepts in the world of international trade, but perhaps one of the most discussed is “reasonable care.” The trade community was first introduced to this concept after the passage of the Customs Modernization Act in 1993 where Customs and Border Protection “CBP” ruled that the international trade community needs to be ‘clearly and completely informed of its legal obligations.’  This essentially was a push by the federal government to increase voluntary compliance with international trade law. However, because trade law is so complex and intricate and the rules and regulations...

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Transportation and Exportation or Immediate Transportation... What's The Difference?

Posted on January 10, 2018. Category: Trade Publications

There are many mechanisms that can be utilized to benefit a supply chain and shipping costs. Two options are Transportation and Exportation Bonds (T&E) and Immediate Transportation Bonds (IT). However, it is important to know the difference between the two bonds because there can often be confusion about which bond should be used, creating a problem for most carries. For example, a carrier might decide to use a T&E bond when they should have used an IT bond. This can lead to missed opportunities and higher expenses incurred throughout the transportation process.A T&E...

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Utilizing ACH to Mitigate Error and Streamline Payments to CBP

Posted on December 14, 2017. Category: Trade Publications

An automated clearing house (ACH) is a funds-transfer system that is operated by the National Automated Clearing House Association (NACHA). This system deals with a plethora of different payment services such as direct deposits, refunds, and bank withdrawals. The NACHA uses this system to improve the efficiency of business operations. “CBP uses ACH to allow participants to pay fees, taxes, and receive refunds electronically. ACH automates the payments and makes deposits in a fast and paperless manner to increase efficiency and to eliminate the risk associated with check processing. “[1] CBP offers three ACH options: ACH...

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