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Establishing a Compliance Plan for 2014

December 11, 2013.
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...

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The Importance of Internal Controls

September 21, 2013.
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...

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Responsibilities in an Export Transaction

September 16, 2013.
Trade Publications

Regulation: 15 CFR 30: Foreign Trade Regulations http://www.gpo.gov/fdsys/granule/CFR-2012-title15-vol1/CFR-2012-title15-vol1-part30/contentdetail.html When 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 ...

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A Global HTS Solution

September 13, 2013.
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...

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Liquidated Damages for ISF Non-Compliance

June 18, 2013.
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...

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Ozone Depleting Chemicals: What an Electronics Importer Should Know

May 15, 2013.
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,...

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Common Classification Mistakes

March 24, 2013.
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...

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Conflict Minerals Reporting Regulations

January 19, 2013.
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...

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Successfully Importing Into Russia

January 11, 2013.
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...

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Informal Entry Changes

December 01, 2012.
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...

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U.S.-Panama Trade Promotion Agreement Implementation

November 15, 2012.
Trade Publications

The U.S. - Panama Trade Promotion Agreement was signed into law in October of 2011, however it was not implemented.  President Barak Obama has proclaimed that it is effective as of October 31, 2012.       Here is what you need to know about the U.S. – Panama...

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Customs Recordkeeping Made Easy

November 11, 2012.
Trade Publications

Having trouble locating a specific customs record?  Do you have to look through filing cabinets for old documents or travel offsite and rummage though boxes and files to find a customs entry?   U.S. Customs requires that importers retain their records for a period of 5 years.  This...

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