Accurate classifications today. Fewer surprises tomorrow. Classification errors can result in unexpected duty costs, compliance risks, and increased scrutiny. Join Michael D. Easton of Star USA, to learn when product classifications should be reviewed, how to identify common risk areas,…
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?
Related Posts
FTAs: What’s Happening Now?
The free trade landscape continues to evolve, with changing tariffs, trade relationships, and rules of origin. In this webinar, Michael D. Easton of Star USA(opens in new tab) provides an update on key Free Trade Agreements(opens in new tab) developments, including tariff baselines, U.S.-Canada trade, rules of origin, and Made in USA claims. He also…
From Data to Direction: Understanding the Latest Middle Market Indicator Report
Middle market companies continue to show resilience, despite economic uncertainty, rising costs, and workforce challenges. In this webinar, Melissa Merkle of Star USA welcomes Kim Barnhart, Associate Director of the National Center for the Middle Market, who shares the latest research from the Middle Market Indicator and examines current trends across growth, workforce, economic confidence,…
From Mistakes to Mastery: Lessons from a Voluntary Self-Disclosure
Voluntary self-disclosures can uncover bigger compliance issues, but they can also strengthen your compliance program. In this webinar, Melissa Merkle of Star USA welcomes Julie Detmering, Shipping & Export Compliance Manager at Equilibar, who shares the real-world story of discovering an export compliance violation, navigating voluntary self-disclosures with BIS and the U.S. Census Bureau, and…
Customs Bonds: Why Requirements are Changing and How to Prepare
Know what to expect before your surety asks for it. Customs bond requirements are evolving rapidly as tariffs, refund activity, and new CBP enforcement initiatives increase risk for importers and sureties. In this webinar, Travis Smith, President of Trade Risk Guaranty, explains why bond requirements are changing, what importers should expect from underwriters, and how to…