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 … [Read more...]
Next Phase of Importer Security Filing: Enforcement Process
CBP (Customs & Border protection) - Preparation for ISF Liquidated Damages Phase begins next month. CBP will begin the liquidated damages phase of ISF enforcement on July 9, 2013, adding to the use of manifest holds and non-intrusive inspections to enforce ISF compliance. In order to achieve maximum compliance with the least amount of disruption to the trade and to … [Read more...]
Census Bureau: Deficit Increases in April
For April, the Nation’s international trade deficit increased $3.2 billion from March. Imports increased more than exports. Imports increased $5.4 billion contributing was $3.0 billion increase in consumer goods and $1.3 billion increase in automotive vehicles, parts, and engines. Exports increased $2.2 billion over March primarily due to record high exports in consumer … [Read more...]
Customs Seize Critical Counterfeit Electronic Components
U. S. Customs & Border Protection (CBP) working with French Customs seized 480 shipments of potentially harmful counterfeit electronic components between Nov. 1, 2012 to April 30. This was a bilateral intellectual property rights enforcement operation that targeted counterfeit critical computer and other electronic equipment. Some this components included: semiconductors, … [Read more...]
How do I keep my Import records confidential?
Did you know that there are Public Records of all your Imports? Your Company name, the Factory your purchased from, the Quantity and the Commodity are all accessible on public record. These records are compiled by U.S. Customs in the Automated Manifest System (AMS). A person or business can access this data and see your business name, the name of the factory overseas you … [Read more...]