I screamed at the top of my lungs what’s going on! Come by for a casual end-of-year chat about what’s happening in the world of international trade. Our experts have a grab bag of topics, and you’re welcome to submit your own questions!
Import & Export Disclosures in International Trade
Import & Export Disclosures in International Trade
February 16, 2021/
Disclosing your mistakes on Imports & Exports Errors made while transporting goods to and from the United States may give rise to substantial monetary penalties under Customs laws. These penalties, however, may be avoided or reduced by filing the proper voluntary self-disclosure and/or prior disclosure.
Topics Include:
- What’s the difference between a voluntary self-disclosure (VSD) and prior disclosure (PD)?
- When should I submit a disclosure?
- Will I be protected if I submit a VSD or PD?
- What if I don’t file any disclosure?
- What kinds of fines and penalties can I expect?
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