Proper valuation is necessary to correctly calculate Customs duties, taxes, and fees. Come join us as we discuss different value calculation methods, related-party transactions, and how to document your work so that you’re prepared for any questions that might arise.
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Upholding Compliance: Exercising Reasonable Care
In the intricate realm of international trade, importers shoulder the responsibility of ensuring compliance with a plethora of regulations enforced by U.S. Customs and Border Protection (CBP). Central to this obligation is the concept of exercising “reasonable care.” Here I’ll explore the significance of reasonable care for importers, its role in import compliance, and strategies for implementation.
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Trade News
CSMS: Compliance Reminders for Drawback Filers
Customs and Border Protection posted some reminders to drawback filers on how to stay in compliance with drawback claims, and reminded filers that noncompliant claims won’t get drawback, and the claimant can be subject to penalties. Read More
BIS: Streamlight Faces Civil Penalty for Antiboycott Violations
Bureau of Industry and Security announced a civil penalty against Streamlight (manufacturer or portable lighting products) to resolve violations of antiboycott provisions. Streamlight filed a VSD, cooperated, and implemented remedial measures. In 2019, they participated in a Bahrain trade show.…
Justice: Alexis LLC Settles with U.S. Government Over Allegations of Underpaying Customs Duties on Imported Apparel
The US is resolving a civil suit by settling with Alexis LLC, a womenswear company, for underpaying customs duties on imported apparel. This is not an admission of liability by Alexis. It resolves claims that they violated the False Claims…
Justice: Wisconsin Companies Pay Over $10 Million to Settle Whistleblower Allegations of False Claims Act Violations for Undervaluing Chinese Imports
Precision Cable Assemblies, Global Engineered Products, and their principals paid >$10 million to resolve a whistleblower suit under the False Claims Act. This is due to failure to pay duties on goods imported from China. These companies are Wisconsin corps…
Justice: Unseals Indictment Against U.S.-Iranian National for Illicit Export of Military Aircraft Components
U.S. Justice Department unsealed an indictment charging a US-Iranian national with crimes related to illicit export of US aircraft components, including components for military aircraft, to Iran. The man was arrested on Tuesday. Read More
Justice: U.S. Army Intelligence Analyst Pleads Guilty to Conspiracy and Bribery
A US Army enlisted intelligence analyst pleaded guilty to all charges for conspiracy to obtain and disclose national defense info, exporting technical data on defense articles without a license, conspiracy to export defense articles without a license, and bribery of…
BIS: Bureau of Industry and Security Settles with TE Connectivity Over Alleged Export Violations
BIS settled with TE Connectivity (both the Pennsylvania and the Hong Kong branches) for $5.8 million in civil penalty assessment. This was to resolved alleged violations of US export controls; specifically, shipments of low-level items to parties connected to Chinese…