Russian Sanctions: Licensing Policy for the Crimea Region of Ukraine From BIS: The Bureau of Industry and Security (BIS) issues this final rule to amend the Export Administration Regulations (EAR) to impose additional sanctions that implement U.S. policy toward Russia. Specifically, in this rule BIS amends the EAR by imposing a license requirement for the export and … [Read more...]
Denial of Export Privileges
Denial of Export Privileges Maple Pacific Corporation from Mission Viejo, CA was convicted of violating the International Emergency Powers Act (IEEPA). Specifically, Maple Pacific willfully exported and transshipped goods [industrial parts used to maintain equipment in the steel manufacturing industry] from the United States to Iran without obtaining a license or written … [Read more...]
Exports: Determining Value & License Value
Exports: Determining Value & License Value Did you know that the requirements for filing licensed goods in the Automated Export System (AES) recently changed? In addition to reporting the value, you are required to report license value in the AES. How to determine value and license value to ensure you avoid costly mistakes? From Global Reach Value vs. License … [Read more...]
Order Waiving Remainder of Denial Order Period
Order Waiving Remainder of Denial Order Period Fiber Materials, Inc. (FMI) of Biddeford, Maine, was issued an order denying export privileges by the BIS (Bureau of Industry & Security) in March of 2007. The denial order was based on FMI's criminal conviction for violating the Act by knowingly exporting and causing to be exported from the USA to India a component, … [Read more...]
Company Fined for Anti-Boycott Violations
Company Fined for Anti-Boycott Violations With two specific charges imposed by the BIS (Bureau of Industry & Security), a New Jersey company - Infinova Corporation, committed six violations of the Anti-Boycott Regulations in connection with shipments to United Arab Emirates: One Violation of 15 CFR: 760.2(d) - Furnishing Information about Business Relationships with … [Read more...]