Demurrage is a dirty word among
De Minimis and Valuation: Known Trade Compliance Risk Areas
Known trade compliance risk areas can take many forms and often require multi-disciplined specialists to help keep you in compliance. As you know, U.S. Customs and Border Protection (CBP or Customs) is responsible for enforcing compliance at all ports of entry—and there are areas that are well-known in the trade community for being at risk for noncompliance.
De Minimis, Customs valuation, and duty rate are three known areas that receive added scrutiny from CBP.
Topics: Customs Consulting, International Trade Compliance & Enforcement
Questions to Ask Regarding First Sale & Multi-tiered Transactions
The rules and regulations regarding
There are many important questions to ask yourself while dealing with
As additional duties, up to 25%, are being assessed on goods from China, the question of possibly using First Sale keeps coming up as a way to mitigate duty obligations. The First Sale rule allows importers to use the price paid in an “earlier sale” as the basis for the Customs value.
While it is true,
Topics: Customs Consulting, Freight Forwarding & Cargo Transportation
International trade is volatile, and choosing the right global freight forwarder can be a make-or-break decision for an importer.