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...]
Trade Compliance – Recordkeeping for Exporters
Trade Compliance - Recordkeeping for Exporters Each agency has its own regulations: Bureau of Industry and Security (BIS): 15 CFR Parts 762 and 772 Directorate of Defense Trade Controls (DDTC): 22 CFR Part 122.5 What Export Records Must be Kept for BIS? Export control documents and related documents listed in EAR Part 762.2 and in the definition … [Read more...]
New Export Control Reform Regulations – Effective October 15
New Export Control Reform Regulations became effective on October 15,2013. As part of President’s Export Control Reform Initiative, the U.S. government is engaged in broad export control reform. On October 15, 2013, the first regulatory amendments implementing export control reforms became effective. These Export Control Reform amendments will move less sensitive items … [Read more...]