CBP issued the following releases on commercial trade and related matters:
CBP issued the following releases on commercial trade and related matters:
CBP issued the following releases on commercial trade and related matters:
CBP issued the following releases on commercial trade and related matters:
CBP has been liquidating entries related to the International Emergency Economic Powers Act tariffs faster than the typical 314-day cycle, so importers should monitor and track those entries that they plan to file protests on, a trade attorney suggested in a note to clients this week.
CBP reminded the trade that it plans to enforce validations to e214 submissions and foreign-trade zone admission transactions in the ACE Production environment starting Dec. 11, according to a Nov. 12 cargo systems message. The validations already are available in the ACE Certification environment, CBP said.
As customs brokers and importers respond to sudden changes in U.S. trade compliance regulations, the trade will need to come up with new models that can allow companies to be nimble when those changes trickle down to the Harmonized Tariff Schedule, trade expert Cindy Allen said recently at the Automotive Industry Action Group's North American Customs and Trade Town Hall on Nov. 6 in Detroit.
CBP issued the following releases on commercial trade and related matters:
CBP issued the following releases on commercial trade and related matters:
While importers may explore tariff mitigation strategies such as duty drawback, bonded warehouses, foreign-trade zones and free trade agreement eligibility, ensuring proper tariff classification should be the first and top priority, because potentially thousands of dollars in the underpayment -- or overpayment -- of duties is at stake if a good is classified incorrectly, speakers said during a panel at last week's International Compliance Professionals Association conference in Texas.