On December 31, 2017, GSP expired. The Generalized System of Preferences is a tariff preference program for developing countries that affords US importers the opportunity to enter eligible goods from these countries duty-free. The rules and participating countries and tariff numbers are published at the front of the Harmonized Tariff Schedule. GSP-eligible goods must meet… Read more »
(Wooden bedroom furniture, pictured above, may be free of Customs duties but could carry antidumping duties of 100% or more.) When a company is working to establish the landed costs for a product they plan to import, they take a number of steps to ensure that their calculations are correct and they sell the product… Read more »
Customs and Border Protection on June 17th announced a change to how they are handling ISF penalties and it gives individual ports the authority to take action directly for violation of the agency’s Importer Security Filing (ISF) requirements. The ISF (or ’10 + 2′) filing requirements mandates that an importer provide Customs with ten data… Read more »
Along with the deployment of their new ACE processing system, Customs has announced that all ten of their Centers of Excellence and Expertise are now fully operational and are processing entry summaries. Importers whose commodities fall into one of the ten industries managed by the CEE’s should expect to learn more about them and be… Read more »