The Customs Modernization Act of 1993, more commonly known as the “Mod Act,” established the requirement that importers use “reasonable care” in making entry of merchandise into the United States. The Mod Act is the largest amendment to the Tariff Act of 1930 and placed the onus of importing compliance on the Importer of Record,…
Importers Be Aware – if you are importing products that could be caught up in an Antidumping and Countervailing Duties (AD/CVD) order then you need to be aware of the major changes to these regulations, which were issued by the Department of Commerce (“DOC”) on September 20, 2021. The intent of the updated regulation is…
Why are Customs Regulations Important? US Customs at its core is the top law enforcement agency for America. It was established to help control the flow of goods and people in and out of the country. One of their main obligations is to collect duties and taxes on the merchandise that is imported. They also…
Who’s Responsible For Trade Compliance? This is a question that most companies struggle with when it comes to their imports or exports. Who is responsible? The answer… everyone! Some companies might have a designated Trade Compliance Manager who oversees the trade compliance program. Others might even have a dedicated team built just for compliance. Other…
Does My Business Need Help With Global Compliance? When it comes to international business, every move you make counts. Exporters often need assistance at various stages of the exporting process- from building a complete program to getting products out the door. Deciding where to begin and who to contact can be difficult, and not least…
Customs Violations Penalties & Fines Since the inception and implementation of the Customs Modernization Act in 1993, the law and regulatory responsibilities changed to fall on the importer. These obligations are to determine the proper value, classification, duty rates, and ensure other government agency requirements are satisfied. A few of the most common penalties for…
Business Has Changed, It’s Time For Trade Compliance To Change, Too As the business world adapts to face masks, Zoom calls and social distancing, the trade compliance community is also re-evaluating the way it does business. While a lot has changed in your business, one thing that is certain to change – and, in fact,…
No one wants to really talk about trade compliance or acknowledge if it is lacking or non-existent. Not only is trade compliance an overwhelming and complicated mix of regulations, it is also something that puts most people to sleep! Often times employees think someone else is handling import compliance, but nobody is fully dedicated to…
During tough economic times with layoffs, downsizing and budget cuts, companies look for ways to save money and deliver results more efficiently. Like other aspects of your business, you might be in a position where you need to find ways to cut costs while maintaining a high level of standards for your import and export…
This past week, the Trump administration announced a ban on exports of certain types of Personal Protective Equipment (PPE) in response to the COVID-19 crisis. The new rule became effective immediately and will last four months (until August 8, 2020). While this type of activity is unusual due to its breadth and scope, those of…