What they mean and how to pick one. Incoterms® were established by the International Chamber of Commerce (ICC) in 1921 and have become a crucial element in global trade, defining the responsibilities of buyers and sellers in international transactions. In this webinar, we’ll provide a high-level overview of Incoterms®, delve into their complexities, and simplify their application in various trade scenarios. You’ll gain a clear understanding of how to use Incoterms® to allocate risks and costs effectively, ensuring smoother international transactions.
CBP: Updated Guidance on China Import Duties and De Minimis Exemptions
CBP: Updated Guidance on China Import Duties and De Minimis Exemptions
February 14, 2025/
CBP has released updated guidance following the amended Executive Order on February 5, 2025, imposing additional duties on Chinese imports. The de minimis exemption remains available for certain articles under heading 9903.01.20 but is not retroactive. CBP will not refund duties on shipments denied de minimis treatment before ACE resumed processing on February 7, 2025. Importers should review the updated FRN for compliance details. The full Federal Register notice is here.
Related Posts
CSMS: Registration Open for 2025 TFCS Summit
The U.S. Customs and Border Protection (CBP) will host the 2025 Trade Facilitation and Cargo Security (TFCS) Summit on May 6-8. This year’s theme, “Trade for Strength,” focuses on securing supply chains and reshoring prosperity. A networking session on May 5 (6:00-8:00 p.m. CT) offers a chance to connect with CBP leaders, government officials, and…
CSMS: CBP’s Approved Customs Brokers List
CBP has a list of permitted customs brokers available on their site. They update it from the ACE National Permit record. If it’s wrong, make sure that brokers update their data there (also that’s the law under 19 CFR 111.30(a)! Read More
Justice: U.S. Seizes Smuggled Dassault Falcon Tied to Venezuela
The US filed a civil forfeiture complaint in Florida against a Dassault Falcon 900 EX aircraft that was smuggled from the US and operated by a Venezuelan blocked party. Read More
CSMS: Verify Your Customs Broker’s Listing on CBP’s Official Site
CBP has a list of permitted customs brokers available on their site. They update it from the ACE National Permit record. If it’s wrong, make sure that brokers update their data there (also that’s the law under 19 CFR 111.30(a)! Read More