REMEMBER: Reasonable care is an explicit responsibility on the part of the importer. This is the next Reasonable Care Checklist: VALUATION Basic Questions: Do you know the “price actually paid or payable” for your merchandise? Do you know the terms of sale? Whether there will be rebates, tie-ins, indirect costs, additional payments? Whether “assists” were … [Read more...]
Counterfeit Consumer Goods Seized
U.S. Customs and Border Protection officers seized a shipment of 70,000 counterfeit consumer goods & products worth an estimated $3.9 million worth of the illicit products (like razor blades, toys, sunglasses, and batteries) for violating intellectual property laws. The shipment arrived from China; the cargo was identified for physical examination upon arriving in … [Read more...]
Reasonable Care Checklist – Tariff Classification
Reasonable care is an explicit responsibility on the part of the importer. Here is the next Reasonable Care checklist. Merchandise Description & Tariff Classification Basic Question: Do you know what you ordered, where it was made, and what it is made of? Have you provided a complete, accurate description of your merchandise to CBP in accordance with 19 … [Read more...]
IRANIAN NATIONAL SENTENCED – EXPORTING US TO IRAN
IRANIAN NATIONAL SENTENCED IN MANHATTAN FEDERAL COURT TO 30 MONTHS IN PRISON FOR CONSPIRING TO EXPORT SATELLITE TECHNOLOGY FROM THE UNITED STATES TO IRAN. Seyed Amin Ghorashi Sarvestani, an Iranian national, was sentenced to 30 months in prison for conspiring to export satellite technology and hardware to Iran from the USA in violation of the International Emergency Economic … [Read more...]
South Dakota ITC Presents TWO Seminars
South Dakota's International Trade Center will host two separate seminars on the same day in Sioux Falls: Incoterms® (Morning Session) - covering both the fundamentals and intricate details Letters of Credit (Afternoon Session) - providing an in-depth review of the uses and structure of letters of credit and how to manage associated costs When: Tuesday, August … [Read more...]