Trade Publications

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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Do You Know What’s in Your Shipment? Adding Items Adds Unforeseen Consequences: 19 CFR 141.89

Posted on December 13, 2017. Category: Trade Publications

Imagine sending a shipment of multiple products only have it returned to your doorstep, causing processing delays and a dissatisfied customer. By adding a simple cotton sample or complimentary T-shirt to your shipment without providing the required information outlined in several obscure areas, this friendly gesture has turned into a customs nightmare.Under U.S. 19 Code of Federal Regulations 141.89, many everyday items require unexpectedly thorough vetting. These include ball bearings, beads, bed linens, color dyes, copper, cotton fabrics, yarn, footwear and more. The importation of each component is contingent upon fulfilling specific CBP requirements, ranging from certificates of origin, detailed...

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The Importer Self-Assessment (ISA) Program

Posted on November 13, 2017. Category: Trade Publications

The Importer Self-Assessment (ISA) program was developed by U.S. Customs and Border Protection (CBP) in 2002. The ISA program enables importers to check their internal compliance procedures and processes with CBP laws and regulation. This program was created with the intention to help support a stable CBP and importer relationship that is mutually beneficial to both parties - having a strong line of communication between the parties. Additionally, confirmed compliance upstream with CBP laws and regulations is crucial and saves time. The ISA program is, of course, voluntary but in doing so importers can prove their willingness to manage and...

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What You Need To Know About the Comprehensive Economic and Trade Agreement

Posted on November 08, 2017. Category: Trade Publications

The Comprehensive Economic and Trade Agreement, also known as CETA, is a new trade agreement between the European Union and Canada. It was provisionally applied on September 21, 2017, after seven years of negotiations. This is Canada’s biggest bilateral initiative since the North American Free Trade Agreement (NAFTA). This deal will strengthen economic relations by creating new opportunities for EU companies by boosting trade. It will make business with Canada easier, it will open up new sectors of the Canadian service market, substantially improve access to public contracts, offer predictable conditions to investors, protect 143 European high-quality agriculture food products, known...

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