Trade Publications

EU Proposes Measures for Conflict Mineral Importers

Posted on March 29, 2014. Category: Trade Publications

The European Union (EU) has proposed a set of measures to encourage the responsible trading of tin, tungsten, tantalum, and gold in an effort to reduce the financing of armed groups in conflict areas (such as the Democratic Republic of Congo). The proposed rule is similar to the United States Securities and Exchange Commission’s Dodd Frank Section 1502 regarding conflict minerals. The EU’s proposal would set up a system of self-certification for importers who choose to import responsibly (i.e. not sourcing minerals from mines and smelters that fund conflict in Africa).In an effort to increase...

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ADD Changes for Aluminum Extrusions

Posted on March 12, 2014. Category: Trade Publications

US Customs and Border Protection (CBP) modified Anti-Dumping Duty order (ADD) A570-967 on February 24, 2014. The changes extend the scope of the order to include additional parts and types of products. This modification to the order may require importers to provide additional information upon import. Anti-Dumping case A570-967 is specifically directed at imported aluminum extrusions from China. Unless the product being imported falls under one of the order’s exceptions, the duty will apply. Exceptions are allowed for extruded aluminum of a series (designation of the alloy composition) that does not start with a 1, 3, or 6, as well...

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WTO Successfully Completes Agreement in Bali

Posted on December 22, 2013. Category: Trade Publications

After meeting from December 3-6, 2013, the World Trade Organization (WTO) has agreed on a major deal for the first time. The historical deal, which was struck in Bali, Indonesia on December 7, is designed to increase trade among countries by reducing legal challenges and costs. It is known as the Bali Package and is part of ongoing WTO negotiations that were started in the 2001 Doha Development Round. The Bali Package is anticipated to add 1 trillion dollars to the world economy and the focus of the agreement is in trade facilitation, agriculture, and issues faced by developing countries.    Trade facilitation...

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Establishing a Compliance Plan for 2014

Posted on December 11, 2013. Category: Trade Publications

As we quickly approach 2014, the timing is right to improve your company’s overall import compliance. 2014 can be the year to put in motion new ideas, or to finally address old ideas that have been placed on the back burner.  Below you will find a blueprint for establishing your compliance plan, as well as a list of projects that will help you drive increased compliance.   Establishing a plan Starting the New Year off with the right momentum is the key for having a successful and compliant year. The first and most important thing that a company...

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The Importance of Internal Controls

Posted on September 21, 2013. Category: Trade Publications

Nobody looks forward to being audited, especially by the U.S. Government, and this certainly holds true in regards to a customs audit. One way a company can mitigate the chances of an unsuccessful audit is to fully understand the audit process. Understanding the government requirements and the audit structure will enable a company to put processes and procedures in place to greatly minimize compliance gaps.Per the U.S. Government Accountability Office (GAO) there are two types of U.S. governmental audits, financial and performance audits1. A customs compliance audit is actually a...

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Responsibilities in an Export Transaction

Posted on September 16, 2013. Category: Trade Publications

Regulation: 15 CFR 30: Foreign Trade Regulations an export is being arranged from the United States it is important that all applicable export regulations are followed. Certain exports require that an Automated Exports System entry (AES) be filed. This publication will define important terms for the export process, and will list the responsibilities of the parties involved in a US export.Key Terms EEI: The information that is filed via AES is known as the Electronic Export Information or (EEI). EEI is...

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A Global HTS Solution

Posted on September 13, 2013. Category: Trade Publications

The World Customs Organization is represented by 179 customs administrations across the world and these locations represent 98% of the world’s trade.   When goods are shipped internationally they must be classified for customs purposes using a Harmonized Tariff Schedule Number (HTS).  Each separate product is assigned a particular classification code. Amongst other things, the HTS number is used to help determine applicable duty rates. One of Allyn International’s core competencies is HTS classification, and this service is offered on a local or global level.  Regardless of country of import, Allyn can provide correct HTS...

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Liquidated Damages for ISF Non-Compliance

Posted on June 18, 2013. Category: Trade Publications

Introduction: While ISF regulations have been in place since January of 2009, and the enforcement period began in January of 2010, Customs and Border Protection has been pretty lenient when it comes to issuances of liquidated damages. CBP has been using a “measured and commonsense approach”1 and importers that have been filing have been able to avoid liquidated damages for the most part. On July 9, 2013 CBP will begin full enforcement of ISF. Liquidated damages will be issued against ISF importers and carriers for non-compliance.Parties involved: In order to have a robust and compliant ISF...

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Ozone Depleting Chemicals: What an Electronics Importer Should Know

Posted on May 15, 2013. Category: Trade Publications

Some importers of electronics may be unaware of all of their tax liabilities.  While the importer may be fully aware of what duties and taxes are normally due upon importation of goods, many don’t know of the additional excise taxes that are placed on imported electronic goods, especially those utilizing Ozone Depleting Chemicals (ODCs) during the manufacturing process. ODCs have traditionally been used in the manufacturing process for printed circuit boards. In an effort to decrease the amounts of ODC usage, “[t]he Montreal Protocol on Substances that Deplete the Ozone Layer was designed to...

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Common Classification Mistakes

Posted on March 24, 2013. Category: Trade Publications

It is essential that importers exercise and demonstrate reasonable care when assigning HTS classification to parts that are being imported.  Misclassifying parts can lead to increased duties and penalties. Listed below are some common mistakes all importers should avoid when it comes to classifying parts for importation. Relying on Brokers:  Allowing Customs brokers to assign classifications at their own discretion will lead to misclassified parts.  Since an import compliance program is only as strong as its weakest link, a broker assigning parts, without the requisite knowledge, systems, processes, oversight and measurements in place will prove problematic...

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