US businesses that actively source raw materials, components, or finished goods from other countries must understand—and adhere to—the trade regulations for every country involved in their supply chain. Failure to do so can lead to fines and severe penalties.
Topics: Supply Chain Management, Customs Consulting, International Trade Compliance & Enforcement, trade compliance, import compliance, shipping compliance
Correctly classifying merchandise or products for import involves a sea of rules that govern import classifications.
These rules are often confusing and unclear, and doing this incorrectly can come at a hefty price. Binding rulings help clear up any confusion by providing classification and duty rates in advance.
Topics: Supply Chain Management, Customs Consulting, International Trade Compliance & Enforcement, binding rulings
Section 301 tariffs and, to a lesser extent, Section 232 duties make it more attractive for importers to gain the system.
Topics: Supply Chain Management, Customs Consulting, International Trade Compliance & Enforcement, Freight Forwarding & Cargo Transportation
Most importers have had at least one CF-28 or CF-29 scare. Companies that haven’t most likely will at some point, as U.S. Customs and Border Protection (CBP) cracks down on import compliance.
Topics: Supply Chain Management, Customs Consulting, International Trade Compliance & Enforcement, Freight Forwarding & Cargo Transportation, CF29
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