News

New Mandatory Data Security Filing Requirements to be Implemented Soon "The 10+2 Rule"

Background

The SAFE Ports Act of 2006 directed U.S. Customs and Border Protection ("CBP") to gather additional data elements before goods are shipped to the U.S. to enable CBP to better evaluate the security risk of incoming shipments. After consulting with the trade, CBP issued proposed regulations entitled "Importer Security Filing and Additional Carrier Requirements" in which they outlined a program which requires the submission of additional data elements at least 24 hours before the goods are laden on board an ocean vessel.

Read more

   

Customs Proposal to Eliminate “First Sale” Method of Appraisement

On January 24, 2008, U.S. Customs and Border Protection (CBP) published a proposed interpretation of the customs valuation laws that would result in the elimination of the so-called first sale rule of appraisement. This memorandum provides additional information concerning CBP’s proposal.

Read more

   

Potential For Significant Duty Refunds For Apparel And Footwear

An issue is being developed in the U.S. Court of International Trade (“CIT”) which, if successful, may provide your company with an opportunity to obtain duty refunds. A test case has already been filed by one importer with respect to glove importations, but litigation will be required with respect to other commodities in order to secure refunds.

Read more

   

Failure To Properly Report Product Origin Can Result In Substantial Penalties

You would think that as globalization continues to expand, the identity of the source and origin of the product would be of diminishing interest. Putting consumer preferences or lack of them aside, the US government wants to know where imported goods are made, and what processes are performed in the country of origin. Failure to properly report "origin" can result in substantial liability. Likewise, a US exporter or seller can also run afoul of these origin requirements.

Read more

   

Page 29 of 30

News