Category: Other Import/Export

The Foreign Trade Division of the U.S. Census Bureau has announced an upcoming series of free webinars designed to provide exporters with helpful information about recent changes to the Foreign Trade Regulations (FTR). Many of you may have heard about some of these changes, including revised definitions and clarified (or revised) reporting requirements under the...

This is part of a series of blog articles titled The Automation Dilemma, which highlights some of the common “do’s and don’ts” when automating your company’s export compliance process. Be sure to read Article #1, Article #2, and Article #3 for all the posts in this series. Continuing with The Automation Dilemma series, I thought...

Every year the U.S. Customs and Border Protection (CBP) and the U.S. Department of Census update the codes used for import/export clearances. U.S. Customs will add or delete Harmonized Tariff System (HTS) codes based on items that need to be tracked due to protection of various industries (e.g., farming) and antidumping cases. Census will use...

U.S. Customs and Border Protection (CBP) recently issued a final rule which will effectively lower the cost for businesses to clear low-dollar shipments. This rule, which was originally proposed in October 2011, became final on December 6, 2012. Under the new rule, CBP has increased the limit amount for an informal entry from $2,000 to...

The U.S. Census Bureau’s Foreign Trade Division has a new training video which is designed to help you find the correct Schedule B export codes for your products. This brief tutorial, called “Classifying Your Commodity” covers some of the basics that every trade compliance specialist should know. (For example: “What is a Harmonized Code?” and...

On October 9, the president signed an executive order designed to tighten existing sanctions against Iran. This order, which implements portions of the Iran Threat Reduction and Syria Human Rights Act of 2012 (ITRSHRA), imposes additional restrictions against non-U.S. entities which are owned or controlled by U.S. entities. In essence, this order makes it illegal...

There’s nothing like the recent case of major freight forwarding companies being added to the EPLS to bring home the importance of denied parties screening for your company. I’ve been involved with many clients’ denied parties list (DPL) screening programs for a number of years, and it’s easy to be lulled into a sense of...

Here’s a recent update that’s affecting many import compliance departments in recent weeks. The recent Korea-U.S. Free Trade Agreement (KORUS) bill incorporated a provision to increase the current import merchandise processing fee (MPF) rate. The MPF has increased from 0.21% to 0.3464% effective October 1, 2011. This MPF increase was signed into law on October...

Many trade compliance departments are faced with the decision to assign both a Schedule B Number and a Harmonized Tariff Schedule (HTS) code to their products, or just to assign the HTS code only. Since many companies are importing and exporting today, international corporations must fulfill the requirements for both import and export clearances. U.S....

This week, we’ve all been transfixed by the news that Usama bin Laden was killed by U.S. Special Forces at a hideout in Pakistan. But there’s an interesting footnote to this story, which is starting to get more attention. It has to do with a U.S. helicopter that crashed at the scene.According to various news reports, on Saturday...