CBP Proposes New Automated Exam, April 2017
September 20, 2016.
Trade Publications
On September 14, 2016 U.S. Customs and Border Protection (CBP) published a proposed rule in the Federal Register to Modernize the Customs Broker Exam [Docket No. USCBP-2016-0059]. The plan included computer automatization of the test, an increase in the examination fee, as well as a date change. Automatization ...
Read MoreThe Impact of Zika on Global Trade
September 06, 2016.
Trade Publications
The Zika virus has been a topic of growing concern as of late. The Zika virus’s discovery dates back to the 1940’s but has been largely unrecognized as a threat until recent outbreaks. Scientific research has linked the mosquito-transmitted virus to neurological disorders such as Guillain-Barré...
Read MoreAllyn International Introduces E-Shipment
August 31, 2016.
Logistics Publications, Trade Publications
As an industry leader in fourth party logistics (4PL), Allyn is keenly aware of the steps shippers can take in order to maximize efficiency and minimize costs. This year Allyn has unveiled a new feature, titled E-Shipment, as part of our ALA platform. E-Shipment makes it easy for any...
Read MoreShow me the Money
August 23, 2016.
Trade Publications
How the Strength of the U.S. Dollar is Impacting Global Trade Since the middle of 2011, the value of the US dollar has increased by 20% and economists are predicting that the appreciation will continue to rise. Unfortunately, the appreciation of U.S. currency is predicted to come at a cost...
Read MoreBrexit: A Brave New Global World?
July 07, 2016.
Trade Publications
The vote on June 23, 2016, known as Brexit to most, but what many hail as, “British Independence Day”, has left a vacuum of uncertainty and dissolution demonstrated by the plunging world markets and a decrease in the value of the British pound not seen in three decades. What...
Read MoreThe 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...
Read MoreNo 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...
Read MoreFCC: 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...
Read MoreThe 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...
Read MoreFind 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...
Read MoreDuty 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...
Read MoreResolve 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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