Trade Publications

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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Conflict Minerals Reporting Regulations

Posted on January 19, 2013. Category: Trade Publications

Is your company involved in a field that includes the manufacturing of electronics, piping, aerospace, machining tools, or any alloys used in those industries? If so, then you need to be aware of Rule 1502 recently instituted by the Securities and Exchange Commission (SEC) regarding the use of conflict minerals that are most commonly used in those industries.The SEC is proposing a rule (effective date November 13, 2012) to institute changes to the annual reporting requirements for companies who file reports pursuant to Sections 13(a) or 15(d) of the Securities Exchange Act of 1934. The proposed changes would require reporting standards regarding the...

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Successfully Importing Into Russia

Posted on January 11, 2013. Category: Trade Publications

While it is important to gain access to emerging markets, companies must ensure compliant processes are followed diligently. This problem presents itself in Russia, as many people would like to do business there, but won’t risk it, as they aren’t confident it can be done compliantly and without corruption. Allyn International (Allyn) has been managing imports into Russia for clients for several years, and Allyn’s processes always begin and end with compliance. This document outlines the Russian import environment and how Allyn can help your company be successful in Russia. Business Environment ...

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Informal Entry Changes

Posted on December 01, 2012. Category: Trade Publications

U.S. Customs and Border Protection (CBP) has issued a final rule regarding changes to what may be considered an “informal entry.”An “informal entry” has been any shipment valued at less than $2000. Anything valued at more than $2000 is considered a “formal entry” and requires a customs bond and a minimum merchandise processing fee (MPF) payment of $25. As of Jan. 7, 2013 the minimum value for an “informal entry” will be raised to $2500 for qualifying items. Also, any qualifying shipment valued under $2500 will be eligible to clear without a bond, in an expedited...

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