CBP issued the following releases on commercial trade and related matters:
Sureties that provide importers with customs bonds say that they're able to handle covering the potentially significantly higher amounts of duties that importers may owe because of tariff rate increases, according to two companies interviewed by International Trade Today.
Nike reached a settlement with importer City Ocean International and freight forwarder City Ocean Logistics in Nike's case against the companies for trademark counterfeiting, trademark infringement, false designation of origin, trademark dilution, importation of goods bearing infringing marks and violation of the Tariff Act. The terms of the settlement weren't disclosed, though Nike dismissed its complaint with prejudice, meaning it can't be refiled (Nike v. Eastern Ports Custom Brokers, D.N.J. # 2:11-04390).
More products could fall under Section 232 tariffs on steel and aluminum as the federal government continues to take in requests for new products to be covered, according to trade attorney Michael Roll, who was speaking on a Sept. 3 webinar sponsored by A.N. Deringer.
Trade attorneys helping importers comply with duty collection regulations are seeing Customs officials increase their scrutiny of entry filings via a higher rate of CF-28 forms being sent to companies, according to comments made during various webinars this week.
CBP has issued a notice clarifying the correct procedures for using the quantity data value in the ACE Cargo Release for Record Identifier SE15.
CBP issued the following releases on commercial trade and related matters:
Although CBP has provided guidance on how to file entries for steel and aluminum derivatives under the Section 232 tariffs, some trade community members are still unclear about how to determine the value of the steel or aluminum content in more complex situations, according to trade attorney George Tuttle, speaking on an Aug. 27 webinar.
CBP issued the following releases on commercial trade and related matters:
CBP created Harmonized System Update 2533 on Aug. 25, containing 18 Automated Broker Interface records and six Harmonized Tariff Schedule records. The update includes additional duties on products of India pursuant to the president’s Executive Order 14329, effective Aug. 27 (see 2508250064).