If you’re having a licensed US Customs broker evaluate your product and assign a tariff classification remember that they’re just people too. With the number of regulations, special trade programs, etc. that can affect import duty, it’s difficult for anyone to cover them all. Also keep in mind that in a Customs Brokerage office, the … Continue reading Questions For Your Customs Broker
When was the Container Security Initiative developed and why? In the aftermath of the terrorist attacks on September 11, 2001, U.S. Customs Service, now U.S. Customs and Border Protection, began developing antiterrorism programs to help secure the United States. Within months of these attacks, U.S. Customs Service created the Container Security Initiative (CSI). The primary … Continue reading Container Security Initiative Fact Sheet
ABI Benefits for the Trade Expedited cargo release. Electronic transmission, validation, confirmation, and correction for entry summaries. Payment options such as daily statement and electronic payment through the Automated Clearinghouse (ACH). Validated duties, taxes, and fees. Interactive communication with Customs. Courtesy notices of liquidation, extension, and suspension. Consolidated reports under the National Importer Liquidation Program. … Continue reading ABI Benefits for the Trade and Participants
The Office of Regulations and Rulings has adopted a new system for the internal tracking of rulings issued by the National Commodity Specialist Division (NCS) and by Headquarters, Office of Regulations and Rulings, effective November 2006. The system is called Regulations and Rulings Tracking System (RRTS). It has replaced the Legal Case Inventory System. RRTS … Continue reading Format for Binding Ruling Numbers
Import duty and import taxes are far and away one of the most confusing subjects for importers to master. Import duty refers to the tax an importer must pay to the US Government in order to bring foreign products into the commerce of the United States. Import duty can be calculated in a variety of … Continue reading Import Duty
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