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The Hidden Benefits of an FTZ

June 28, 2016.
Trade Publications

A Foreign Trade Zone (FTZ) is a geographical territory inside the United States that is considered outside the Customs territory of the US, whereby goods can be imported without entry processing and subsequent payment of duty and taxes.  These zones, originally created during the depression to bolster foreign commerce...

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No Duty, No Problem: How to Use the Tariff Concession System in Australia

June 28, 2016.
Trade Publications

When growing a successful business, knowing all available options to save money can be crucial to development and continued success. One program that all savvy importers in Australia should know is the Tariff Concession System (TCOs). Australian customs estimated that approximately $1.9 billion dollars in revenue was foregone through the use...

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FCC: What do you mean radio waves are regulated?

March 11, 2016.
Trade Publications

Trade compliance professionals love acronyms. Accustomed to an alphabet soup of government agencies and trade programs, trade professionals use acronyms in their jargon frequently. That said, some acronyms, like FCC, are known but their importance, particularly in product importation is not clearly understood. What is the FCC? The FCC stands...

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The Transaction Value Blues

March 11, 2016.
Trade Publications

When shipping goods internationally, one of the most common mistakes is the inaccurate valuation of goods. Valuation is the appraisement of a product for duty estimates. Improper valuation can result in the under or over payment of duties and taxes. The impact on duties and taxes makes valuation a high...

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Find Out the Latest Trends in Trade Compliance

February 17, 2016.
Trade Publications

What’s shaping the Trade Compliance industry in 2016?   Foreign Direct Investment   On Monday, December 3, 2015, The Bureau of Economic Analysis released statistics indicating that the United States remained the number one choice for foreign direct investment (FDI). FDI accounts for approximately 23% of all US exports.  Among the...

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Duty Drawback; an Untouched Goldmine

January 13, 2016.
Trade Publications

A company may be entitled to thousands or more dollars through a Duty Drawback claim and no business, which participates in exporting goods, should lose out on money that is owed to them. Navigating the US Customs Duty Drawback program may seem intimidating at first, but as long as a...

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Resolve to Have Compliant Commercial Invoices in 2016

January 04, 2016.
Trade Publications

One common and preventable cause of shipments “stuck in customs” is incorrect documentation.  This year, ring in the New Year by resolving to have compliant commercial invoices. Whether a company creates the document or relies on a supplier to create the commercial invoice, 19 CFR 141.86 is clear on...

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Exporting to a Sanctioned Country

November 17, 2015.
Trade Publications

Is your company prepared to pay a hefty fine or have an individual jailed for exporting to a sanctioned country? Without the proper export control this could become your reality before you know it. Fortunately it is a relatively simple process to mitigate this risk as either a company or...

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How to Save Your Company Import Costs in the New Year

November 10, 2015.
Trade Publications

As the New Year draws closer, it is time to look at the savings goals for your company’s yearly imports. There are several different ways to save on import transaction, but identifying the right strategy that benefits your business is the key to successfully meeting your savings goal...

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Buyer Beware: Anti-dumping and Countervailing 101

September 15, 2015.
Trade Publications

It is no secret that globalization increases market competition.  Consumers are increasingly able to comb the global marketplace to find products that meet their demand at competitive prices. However, it is not unheard of that some foreign countries unfairly subsidize producers and exporters, or that a foreign exporter and...

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What is a Licensed Customs Broker and How Can They Help?

September 15, 2015.
Trade Publications

On Wednesday, October 7th, 2015, Customs will conduct the final Customs Broker exam of 2015. Considered a “niche” profession, there are currently only 12,000 Licensed Customs Brokers (LCB) in the United States. Allyn International proudly employees 6 Licensed Customs Brokers who serve our clients in different capacities throughout the company.  ...

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Not All Kits Are Created Equal

September 11, 2015.
Trade Publications

The mislabeling and reporting of kits on commercial invoices is, quite possibly, the most common mistake noted by Allyn International analysts in applying HTS codes to products on parts lists or upon importation. A mistake like this can delay a shipment for days and accrue storage charges at port. ...

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