Importer Security Filing Update

Many Customs and trade laws carry significant financial consequences for importers, and of these laws, antidumping and countervailing duties pose some of the most dangerous ramifications. These provisions exist to protect domestic industries and producers from unfair foreign competition. Under U.S. law, goods are subject to assessment of “ordinary duties” based on their classification under the Harmonized Tariff Schedule of the United States. However, U.S. law also defines certain situations in which goods are being sold to the U.S. at prices below cost of production or below “fair market value”. This is referred to as “dumping”. Like ADD, CVD is […]

July 23, 2016 July 23 is next in CBP’s series of deadlines for filing cargo release and entry summary information in ACE. On that date, CBP will require entry types 02, 07, 12, 21, 22, 31, 32, 34 and 38 filings to be made in ACE. While some PGA data sets are not ready for ACE, the CBP portion is still required to be filed in ACE. For practical purposes, this means that all Activity Code 1 single transaction bonds will be eBonds by July 23 and not be submitted on Form 301 (by paper or email). eBond STBs must […]

As the Canada Border Services Agency (CBSA) prepares for the upcoming CARM Release 3 (R3) on October 21, 2024, two important notices have been issued to guide businesses through this transition. These notices outline key measures and processes impacting trade operations and compliance. Customs Notice 24-27- Transition Measures for CARM R3 Customs Notice 24-27 details the transition measures that will be implemented with CARM R3. These measures are designed to ensure continued border fluidity and the timely submission of accounting information and payment of duties and taxes. Importers should take note of the Release to Prior Payment (RPP) financial security […]