REMINDER: Starting with Importer Security Filings (ISF) due on or after July 9, 2013, US Customs and Border Protection (CBP) will begin to use liquidated damages as an enforcement tool for compliance.
The IMPORTER (not the shipper! ) is held responsible for filing ISF data on time and correctly. Possible ISF penalties (liquidated damages) can be incurred when the ISF is either late and/or incorrect. Breaches of either of these
requirements can result in a claim for liquidated damages of $5,000, subject to $10,000 in total per ISF transaction number.
Read more from Superior Freight post: ISF Enforcement
Are you Ready?
If you have questions, please contact us at SFSIMP@supfrt.com
Leave a Reply