Import Export Customs Compliance and Trade News

Trade and customs compliance and regulation news that affect import, export, transportation, logistics, and supply-chain industry and how you do business.
Charles Moser

Trade Partners

Throughout the country there are Economic Development groups or Business Development organizations providing funding for accelerating exports and stimulate the economy in their region. One way to increase exports is to provide funds for export education to businesses. The education in turn gives businesses the tools and confidence to expand or enter exporting arena. Recently Global Training Center partnered with the Illinois SBDC International Trade Center at the Industrial Council of Nearwest Chicago (ICNC). The...
Continue reading
  2772 Hits
  0 Comments
Charles Moser

New U.S. Customs Focused Assessment Audit Rules

From a Former Customs Auditor’s Perspective Co-written by George R. Tuttle, III and Cindy Deleon In January of 2014, Customs and Border Protection (CBP) announced plans to update its rules on conducting Focused Assessments (FAs). Some of the changes seem subtle, however, upon closer examination they can have a significant impact on the scope, sampling, review areas, and outcome of the audit. Background CBP collects more than $30 billion in duties, fees, and taxes annually...
Continue reading
  9596 Hits
  0 Comments
Charles Moser

Covering Your NAFTA Documentation Obligations

Covering Your NAFTA Documentation Obligations
It is that time of year when soon you will be requesting NAFTA documentation or be asked to provide NAFTA (or country of origin) documentation for parts you sell. In many cases, you will be doing both, soliciting and fulfilling requests. In this issue we are concentrating on Audits. This could be a very time consuming process and can create difficult tasks for a company being audited. Sometimes that is as a result of not...
Continue reading
  2798 Hits
  0 Comments
Denise Valles

NAFTA Series 3 of 3

Practical Advice from NAFTA’s “Front Lines”  9. No HTS code?  No NAFTA. Most of the preference criteria require an understanding of the HTS (the HTS is based on the international Harmonized Commodity Coding and Classification System, which has been established by the World Customs Organization). Virtually all countries base their tariff schedules on the HTS, making it easier to conduct international trade. Some require producers to identify the HTS codes of non-originating materials used within...
Continue reading
  5740 Hits
  0 Comments
Denise Valles

NAFTA Series 2 of 3

Practical Advice from NAFTA’s “Front Lines”  4. Don’t sweat the small stuff . The seven percent de minimis rule (i.e. non-originating parts/costs making up less than seven percent of the total cost) can simplify the origination process. If non-originating materials do not meet the tariff change rules they may be ignored, as long as their aggregate value does not exceed seven percent. Textiles de minimis are calculated based on weight. 5. Solicitation is legal under the...
Continue reading
  3746 Hits
  0 Comments