From a Former Customs Auditor’s Perspective Co-written by George R. Tuttle, III and Cindy Deleon In January 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…
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,…
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…
What have we learned? In the global trade world, we are celebrating 20 years of NAFTA. Looking back we realize how much NAFTA has matured and evolved into the world’s largest trade treaty. In this series of emails, we will be providing you with history, facts, and some tips to take a look at…
Avoid Paying VAT on IMMEX/Maquila Operations In-Depth Value Add Tax (VAT) Certification Process Agenda: General analysis of the tax and customs Reforms. VAT on sales, definitive imports, and temporary imports. Benefits of Certification. How to complete the application and gather required documents. Analysis and strategies for completing the application. Importance of having an updated…
By Karin L. Bogue Companies involved in international trade understand that laws, regulations, and government expectations change regularly. By the time the organization gets used to one regulation, the government changes the rules. These frequent changes and the nature of the business make it necessary for international compliance employees and other stakeholders to keep track…
Letter to Global Training Instructor Hello John, Don’t know if you will remember me since it has been a while since I attended all your seminars here in Cleveland and we had you out to our facility to give us a couple of presentation on INCOTERMS and Export Compliance for our CSR’s & Sales people….
by Karin L. Bogue We hope everyone had a wonderful holiday weekend! At long last, we’re announcing the answers and winners for our Thanksgiving Classification. Sorry for the delay, we have been blown away by the amount of participation we received last week. The answers have been posted below. A HUGE Thank you to everyone…
The Challenge: My firm has just received an order for shipment of one of our machines under a letter of credit for only the second time. The last order under a letter of credit was just a miserable experience! We spent hours preparing our documents; yet when we submitted them to the bank selected by the…
Companies that export goods to multiple countries must deal with mounting number of pacts. ARTICLE BY SUSAN KELLY Global trade is expected to grow by leaps and bounds in coming years. What’s already growing rapidly is the number of free trade agreements that companies have to keep track of when they’re importing or exporting goods. There…
U.S. Customs and Border Protection has announced 2013 Notice of Examination The exam will be held on Monday, October 7, 2013. Applications should be submitted online with required payment of $200. To register visit the following link: http://1.usa.gov/164tYWh For more details on the exam, download the following Official Announcement Notice of Examination for October 2013 or visit CBP.gov for…
This notice announces that U.S. Customs and Border Protection (CBP) will conduct the Customs Broker License Examination on Wednesday, October 7, 2013. To better accommodate applicants desiring to take the October 2013 broker examination, CBP has automated the CBP Form 3124E, “Application for Customs Broker License Exam” and the payment and collection of the $200…
