A Global HTS Solution
September 12, 2019.
Trade Publications
The World Customs Organization is represented by 183 customs administrations and represents 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 classification code and amongst other things, the HTS...
Read MoreIncoterms 2020
September 11, 2019.
Trade Publications
On September 10, 2019 the International Chamber of Commerce launched Incoterms® 2020. Incoterms® rules on the use of domestic and international trade terms and facilite the conduct of global trade. In order to be effective, contracts will have to specify that Incoterms® 2020 are being used. This updated edition of trade...
Read MoreEPA Import Changes
September 09, 2019.
Trade Publications
It is more important than ever for a company to exercise reasonable care and ensure compliance with all Environmental Protection Agency (EPA) importing requirements. Numerous new regulations have been put in place and enforcement of these new regulations has begun. Formaldehyde Emission Standards In December 2016, new formaldehyde emission standards...
Read MoreSection 301 News: Trump Raises Tariffs to 30%
August 27, 2019.
Trade Publications
On August 23rd, President Trump announced that he will continue to increase tariffs on goods from China. Subsequently, the USTR announced that the tariffs currently in place will be raised to 30% effective October 1. As for lists 4A and 4B, they will now be increased to 15% effective Sept 1 and Dec 15...
Read MoreSection 301 News: Some Tariffs Removed, Others Delayed
August 13, 2019.
Trade Publications
On August 13th, the USTR announced certain items were being removed from the newest China Tariff List (List 4). These products are being removed from the list based on health, safety, national security and other factors and will not face the additional tariffs of 10 percent. The specific items have not...
Read More10% Tariff 100% Impact
August 01, 2019.
Trade Publications
On August 1st around 1:30 pm, President Donald J. Trump tweeted that List 4 will go into effect beginning September 1st, 2019. What was originally proposed at 25% will now be implemented at 10%. The push to move forward with implementing list 4 comes at the close of the latest trade talks which took place in...
Read MoreSection 301 Exclusions
July 22, 2019.
Trade Publications
As of July 6th, 2019, the Federal Register listed additional exclusions for the 301 tariffs as issued by the U.S Trade Representatives Office. The lists cover 362 separate exclusions, correlating to 117 unique HTS codes. Refunds can be collected for goods previously entered for consumption or withdrawn from warehouse for consumption on...
Read More12 MONTHS OF TARIFFS
July 17, 2019.
Trade Publications
Over a year after Section 301 and Section 232 tariffs were introduced, changes, mainly increases, in the tariffs are still being introduced and discussed regularly. Section 301 Update In early May 2019, President Trump released a series of tweets threatening significant tariff hikes that would go into effect later that week on May 10th, 2019....
Read MoreSection 301 News: List 4 Suspended
July 01, 2019.
Trade Publications
President Trump announced on June 29 that he will hold off on imposing additional tariffs on goods from China. As a result, for the time being, the items on list 4 will not face any additional customs duties. As the U.S. and China continue to work towards a permanent solution, this...
Read More100% Entry Audit
June 14, 2019.
Trade Publications
Allyn’s proprietary GTM software (CIMS™) offers industry leading solutions that facilitate maximized compliance and efficiency. One key solution is the Entry Audit Module, which offers an electronic comprehensive audit of all customs entries. 100% entry audit offers a way to increase compliance rates and greatly reduce risk. This...
Read More"Systems are Currently Down"
June 10, 2019.
Logistics Publications, Tax Publications, Trade Publications
“Systems are currently down” is a common phrase. You might have seen or heard it before, maybe when ordering online or trying to get an ice cream at the drive-through. For many years, companies only had physical threats to worry about. However, new threats are always emerging. If...
Read MoreDeal With Mexico Suspends Tariff Hikes
June 10, 2019.
Trade Publications
On Saturday June 9th, U.S. President Donald Trump announced that the much-anticipated tariffs on imports from Mexico, set to be begin on June 10th, would be indefinitely suspended. The suspension occurs after the United States and Mexico announced a new agreement on immigration. And while few details on the...
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