Trade Compliance - HTS and Schedule B An HS code or HTS code stands for Harmonized System or Harmonized Tariff Schedule. Developed by the World Customs Organization (WCO), the codes are used to classify and define internationally traded goods. In most cases, in order to import or export a product internationally, the traded good must be assigned an HTS code that corresponds … [Read more...]
Import & Export Trade Compliance: Building an Effective Corporate Program
Import & Export Trade Compliance: Building an Effective Corporate Program What is Import and Export Compliance? Adhering to government regulations that apply to the transfer of Goods, Services, and Technology between countries: Who can you trade with What you can trade Where you can trade How you can trade Protecting and collecting … [Read more...]
CBP Issues Detention Order on Potassium Products Produced in China with Forced Labor
CBP Issues Detention Order on Potassium Products Produced in China with Forced Labor From CBP.gov: U.S. Customs and Border Protection [CBP] Commissioner issued a withhold release order against imported potassium, potassium hydroxide, and potassium nitrate manufactured or mined by Tangshan Sunfar Silicon Company, a.k.a. Tangshan SunFar Silicon Industries Co. Ltd. in the … [Read more...]
April Newsletter: Trade Compliance & Earth Day
April Newsletter: Trade Compliance & Earth Day TRADE COMPLIANCE FOR 2016 ACE -> 2016: Mandatory use of ACE for all remaining electronic portions of the CBP cargo process- Are you ready for ACE? *Reminder: Ace Mandatory Use Dates SOLAS - JULY 1, 2016- Shippers are you ready for the container weight mandate? Who is Ready for SOLAS VGM? >BIS Seminars Coming … [Read more...]
$8 Million in Penalties for Evading AD Duties & False Claims Act Allegations
$8 Million in Penalties for Evading AD Duties & False Claims Act Allegations The Department of Justice announced that a U.S. defense contractor [Kilgore Flares Company] and one of its subcontractors [ESM Group, Inc] have agreed to pay $6 million and $2 million, respectively, to resolve allegations that they violated the False Claims Act by selling or conspiring to sell … [Read more...]