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.
Justice: Alexis LLC Settles with U.S. Government Over Allegations of Underpaying Customs Duties on Imported Apparel
Justice: Alexis LLC Settles with U.S. Government Over Allegations of Underpaying Customs Duties on Imported Apparel
August 27, 2024/
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 Act by misreporting to CBP the value of apparel, avoiding the full customs duties.
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