In the past, goods originating in the United States which were exported and then returned have been allowed to enter the U.S. without payment of duties under certain circumstances. Under the Trade Facilitation and Enforcement Act of 2015 (TFTEA) and the new US-Mexico-Canada Agreement (USMCA), there have been changes to the regulatory and documentary requirements to take advantage of these benefits. The burden of proof remains on the importer, and as such, the proof is in the proverbial pudding.
Topics: compliance, trade compliance, USMCA
Importing and exporting carries risks, but who bears those risks depends on the chosen Incoterm.
Topics: Supply Chain Management, Incoterms, incoterms 2020, import compliance
Speed to market is one of the most important benchmarks in every supply chain strategy.
Are there calm waters or rolling waves ahead for shippers in Q3 and Q4 ocean freight markets?
