Import Compliance F.A.Q.
The import/export community and businesses are solely responsible for maximizing their import compliance with laws and regulations laid out by the U.S. Customs and Border Protection since companies are responsible for accounting for all risks associated with global trade.
Import violations can result in fines, sanctions, and your company’s loss of privileges to import goods from other countries. As the global market becomes more competitive, the United States government continues to update import compliance regulations, and your company needs to ensure it follows all requirements for each country imports are coming from.
Having a proactive import trade compliance program is a vital piece of your company’s operations. Below are some of the most common questions that our customers ask our trade compliance experts. We hope that the below questions and answers help you evaluate your company’s trade compliance programs!
Import Compliance Manual F.A.Q.s
Customs Violations F.A.Q.s
Duty Recovery F.A.Q.
Customs Protests F.A.Q.
The update for this area helps to fix an issue with hydrocarbons transported through pipelines and new flexibilities in the rules of origin for oil and gas moving through the three countries.
The final improvement is for digital trade. NAFTA did not include e-commerce or digital trade as it was developed prior to these kinds of trade.
To qualify for preferential treatment under the USMCA, goods must comply with the USMCA Rules of Origin.
The four origin criteria classifications define how a good qualifies:
Origin Criteria A: Wholly obtained or produced entirely in the territory of one or more of the Parties, as defined in Article 4.3 (Wholly Obtained or Produced Goods).
Origin Criteria B: Produced entirely in the territory of one or more of the Parties using non‐originating materials provided the good satisfies all applicable requirements of Annex 4‐B (Product‐Specific Rules of Origin).
Origin Criteria C: Produced entirely in the territory of one or more of the Parties exclusively from originating materials.
Origin Criteria D: “Except for a good provided for in Chapter 61 to 63 of the Harmonized System: (i) produced entirely in the territory of one or more of the Parties; (ii) one or more of the non‐originating materials provided for as parts under the Harmonized System used in the production of the good cannot satisfy the requirements set out in Annex 4‐B (Product‐Specific Rules of Origin) because both the good and its materials are classified in the same subheading or same heading that is not further subdivided into subheadings or, the good was imported into the territory of a Party in an unassembled or a disassembled form but was classified as an assembled good pursuant to rule 2(a) of the General Rules of Interpretation of the Harmonized System; and (iii) the regional value content of the good, determined in accordance with Article 4.5 (Regional Value Content), is not less than 60 percent if the transaction value method is used, or not less than 50 percent if the net cost method is used”.”