What’s Required – eBond or Paper Bond?

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 […]

Resources to Help Brokers Battle the Trade War While it’s no longer front page news fodder the tariff-centered trade wars continue. Change – if not outright volatility – continues to be an understatement as it relates to tariffs on goods imported to into the United States these days. Unfortunately businesses who have import activities and the customs brokers who assist them are caught in the middle, and they can become casualties of the ongoing trade wars. While U.S. Customs and Border Protection (CBP) is publishing plenty of resources, the dedicated people on the Customs Bond team at Roanoke are here […]

CARM Release 2 Important Update for Customs Brokers and Importers On August 11, 2023, CBSA’s CARM Engagement team released an important update on the next phase of the CARM project launch. Per their email to trade and logistics partners: “In October 2023, the CARM Release 2 system will be available for selected industry partners who want to test their own internal systems, and for software service providers to continue to certify their software with CARM. The proposed regulatory amendments continue on schedule with a planned coming-into-force date of May 2024, when CARM becomes the official system of record. Further enhancements are […]