As an importer, it's essential that you make the most out of Section 321 to help keep you in the green and improve margins, while lowering overall tax liability. Moving commercial goods from the other side of the globe, navigating the logistics of your supply chain, and building a great [...]
Recently, U.S. Customs and Border Protection (CBP) issued roughly $350 million in fines against the company, American Seafoods, as well as other companies found within the supply chain. If you are an American importer, staying plugged into the various fines and decisions made by CBP is critical in ensuring your [...]
Individual or a company engaging in international trade? You ensure compliance with regulatory concerns related to the import and export of the products. When a trade occurs with international parties, compliance with all the local, state, as well as federal laws have to be assured. That's where an importer of [...]
Some welcome news for the US trade community in regards to the trade deficit -- according to the US Bureau of Economic Analysis and the US Census Bureau, the monthly international trade deficit of the US was reduced in Spring 2021. A trade deficit occurs when a country imports more [...]
The False Claims Act (FCA) applies to a huge range of different types of financial interactions with the Federal Government of the United States. When private companies, like importers, can result in legal exposure can result from false claims -- for payment to the government. We’ll be looking at how [...]
Last month, US Customs and Border Protection (CBP) made a Federal Register Notice public entitled: “Distribution of Continued Dumping and Subsidy Offset to Affected Domestic Producers”. The Federal Register has been an incredibly vital line of communication between CBP and the global trade community, publishing notices almost weekly since 2003. [...]
Since the beginning of this year, the global trade community has been waiting with baited breath to see how the Biden Administration will impact the ongoing trade wars, customs requirements, and other regulatory avenues. You may have read some of the pieces we put out on the topic since Biden [...]
Staying on top of regulatory bodies, changes in legislation, access to resources for importers can be a full time undertaking. If you’re anything like the importers that we work with on a daily basis, then you don’t have much time to roll up your sleeves and get your hands dirty [...]
Earlier this month, the US Department of Agriculture released a statement calling for feedback on the Animal and Plant Health Inspection Service (APHIS) online portal to simplify the flow of information on requirements for imported agricultural goods into the US. On the USDA website, APHIS is described as: “APHIS plays [...]
At the start of 2021, CBP released their 2021-2026 strategy for operation that outlined a new mission and vision statement. In essence, the strategy lays out CBP’s commitment to creating a more safe and prosperous nation, and the priorities that will take them there. Mission “Protect the American people, safeguard [...]
