$100 Million Penalty for Export Violations Texas company to pay $100 million for export violations to Iran, Syria, Cuba, and Other Countries - Fine is largest civil penalty ever levied by the Bureau of Industry and Security Weatherford International Ltd. in Houston, Texas, and its subsidiaries agreed to the allegations that Weatherford exported oil and gas equipment to … [Read more...]
What is ACE?
What is ACE? ACE = Automated Commercial Environment (from the CBP) The Automated Commercial Environment (ACE) is the U.S. Customs and Border Protection (CBP) commercial trade processing system designed to automate border processing, to enhance border security and foster our Nation's economic security through lawful international trade and travel. ACE is part of a … [Read more...]
ATTENTION! DELAY of FTR Export Requirements
ATTENTION! Delay of the effective date for changes to the FTR (Foreign Trade Regulations) Export Requirements! Previously scheduled to take effect on January 8, 2014, the FTR Export requirements will now be effective April 5, 2014. Why the change? Because the new Automated Commercial Environment (ACE) will not be deployed until April 5, 2014. Changes to the FTR are … [Read more...]
Trade Compliance – NAFTA Recordkeeping
NAFTA Recordkeeping for Importers & Exporters For Importers: Importers must maintain NAFTA Certificates of Origin and other related records for five years after the date of entry. These records must be maintained in the U.S. For Exporters or Producers : Exporters and domestic producers that complete and sign NAFTA Certificates of Origin must maintain NAFTA … [Read more...]
Trade Compliance – Recordkeeping for Importers
Trade Compliance - Recordkeeping for Importers CBP (U.S. Customs and Border Protection) Regulations: 19 CFR Parts 163 and 181 What Records Must be Kept for CBP? All records and data required for the entry of merchandise, whether or not required for presentation at time of entry, and Records listed on the (a)(1)(A) list, for example: Invoices Bills of … [Read more...]