Iranian Company Pleads Guilty to U.S. Export Violation An officer of Falcon Instrumentation & Machinery FZE, an Iranian corporation formerly known as FIMCO (Falcon/FIMCO) , entered a plea of guilty on behalf of the corporation to conspiracy to evade export licensing requirements. The conspiracy: An attempt to smuggle to Iran a machine with possible military as well … [Read more...]
West Coast Port News
West Coast Port News From JOC: LA-Long Beach looking beyond peak season to greater challenges ahead All seem to be confident that LA-Long Beach will be able to handle the spike in container volume this peak season. However, there are longer-term challenges: mega ships, carrier alliances, truck turn times, and rail performances. West Coast ports have lost 5% market … [Read more...]
ACE Export Accounts and Export Trade Reports
ACE Export Accounts and Export Trade Reports On June 27, the ACE Secure Data Portal began supporting a new account type for “exporter” accounts. This new account type allows access to ACE Export Trade Reports and will allow users to file via AESDirect in ACE later this year. Again, AESDirect will be migrated into the ACE platform later this year. This is not to be confused … [Read more...]
BIS Implements Removal of State Sponsor of Terrorism Designation for Cuba
BIS Implements Removal of State Sponsor of Terrorism Designation for Cuba On July 22, the Export Administration Regulations (EAR) were amended to reflect the fact that the Secretary of State rescinded the designation of Cuba as a State Sponsor of Terrorism on May 29, 2015. This rule removes EAR references to Cuba as a State Sponsor of Terrorism and removes Cuba from Country … [Read more...]
GSP Refund Process
GSP Refund Process Effective July 29, 2015, filers again are entitled to file GSP- eligible entry summaries without the payment of estimated duties. Duty Refunds A. Automation CBP developed a mechanism to facilitate refunds for entries submitted during the lapse period using the Special Program Indicator (SPI) for GSP (with the letter "A," "A+," or "A*") as a prefix to … [Read more...]