Free Trade Agreement Audits – Are Your Goods Really Duty Free?

Posted by Suzanne Richer

Claiming preferential treatment under any free trade agreement is fairly easy. Statements on the commercial invoice or accompanying certificates at the time of import are enough for your customs broker to claim the lower duty rate on your behalf. Proving eligibility of a reduced duty claim is quite the opposite, whether you are an importer, exporter, or the producer of the good.

Read More

Topics: Duty Management, Product Classification, Free Trade Agreements, Bill of Material Qualification

C-TPAT – Modernizing Cargo Security Criteria

Posted by Suzanne Richer

Customs and Border Protection (CBP) has long been an advocate of transparency and risk reduction in global supply chains through the Customs-Trade Partnership against Terrorism (C-TPAT), a voluntary cargo security program for global transactions. Since its inception in 2002, C-TPAT has been the basis of how the government manages and monitors cargo security. 

The security threats the nation faced in 2002 are vastly different from today’s security and terrorism concerns. Each day brings a new cargo security concern based on more complex supply chains, and greater risk of data breaches and cyber-attacks. Changing players in company supply chains can also impact cargo security and put companies at risk.

To address today’s risk, CBP has released a more comprehensive cargo security program, with the support of the trade, to mirror the threats now prevalent in global supply chains. The newly released Minimum-Security Criteria (MSC) replace the previous Minimum-Security Guidelines (MSG), changing the landscape of the program for current members, and future volunteers to the program.

Read More

Topics: C-TPAT, Global Supply Chain, Supply Chain Visibility

Importing from China? Your Products Could Be Hit With A 25 Percent “Special” Tariff!

Posted by Suzanne Richer

In a further indication that U.S. trade policy toward China has stiffened, the Trump Administration has initiated a punitive tariff action against China under Section 301 of the Tariff Act. Section 301 empowers the White House to impose additional import tariffs on the products of countries who maintain discriminatory policies against U.S. products and services.

Read More

Topics: Import Management, Product Classification, Global Trade Academy

Pivotal Trade Initiatives: Increased Duties & The Global Supply Chain Impact

Posted by Suzanne Richer

The importing community is reacting to the recently announced tariff increases based on a recommendation from the United States International Trade Commission. This led to President Trump’s move to add a 30% tariff on solar cells and up to 50% for imported washing machines. The tariffs on the solar cells would decrease over a four-year period. 

The President is using Section 201 of the Trade Act of 1974, the so-called “escape clause” to take this action. This rarely used statutory provision empowers the President to grant temporary import relief, by raising import duties or imposing non-tariff barriers on goods entering the United States that injure or threaten to injure domestic industries that produce similar goods.  

Read More

Topics: Trade Compliance, Import Management, Import Compliance

Duty Drawback Success Story: A $1.3 Million Return on Investment

Posted by Suzanne Richer

Duty Drawback represents one of Customs’ most long-standing benefits to firms, as it offers companies a refund of up to 99% of taxes, duties and fees paid when imported merchandise is exported or destroyed within certain timeframes. The concept is simple – match your import entry documents with the corresponding export docs, file for expedited payment processing, and voila! Money will flow into your bank account.

As simple as it seems, drawback regulations are among the most complicated, and it is estimated that $2.8 billion dollars is left unclaimed by companies eligible for refund. Enter Amber Road’s Global Trade Academy – after attending the unique 3-day Duty Drawback Certificate Program, attendees have succeeded in securing incredible refunds for their firms.

One great success story is that of Tammy Anderson, Logistics Supervisor with an electronics firm, who in less than one year was able to secure $1.3 million dollars from her drawback program.  

Read More

Topics: Duty Management, Import Compliance, Import Management, Export Management, Export Customs Filing

Rules of Origin Under Different Free Trade Agreements

Posted by Suzanne Richer

Not all Free Trade Agreements are the same, and one of the most frustrating differences is how they define Rules of Origin. How can you tell which products qualify for each agreement?

Don’t miss my presentation next week alongside Susan K. Ross, Partner at Mitchell, Silberbeg & Knupp LLP, as we discuss Rules of Origin Under Different Free Trade Agreements (FTA’s) at the NEI’s Second Annual Global Trade Educational Conference (GTEC)

Read More

Topics: Free Trade Agreements, Trade Agreement Identification

Webinar Q&A: Framing the Total Landed Cost Picture

Posted by Suzanne Richer

On June 21st, Amber Road in conjunction with American Shipper broadcasted a webinar entitled, Framing the Total Landed Cost Picture. Our presenters, Suzanne Richer and Phanibhushan Reddy from Amber Road, received several questions throughout the webinar, but unfortunately we did not have time to address them all during the live broadcast. We have compiled their answers into a Q&A document - here is a preview:

Read More

Topics: Duty Management, Foreign-Trade Zones, Landed Cost Calculation, Free Trade Agreements

Webinar Q&A: 2016 Trade Compliance Survival Guide

Posted by Suzanne Richer

Earlier this year, Amber Road’s Global Trade Academy broadcasted a webinar, Trade Compliance Survival Guide. I received several questions throughout the webinar, but unfortunately, I did not have time to address them all during the live broadcast. I have compiled some of my answers into a Q&A document - here is a preview:

Read More

Topics: Global Trade Academy

Trade Compliance: The Missing Link in the Oil & Gas Supply Chain

Posted by Suzanne Richer

As the price of oil drops, companies need to reconsider their cost-saving strategies and how to manage global supply chains for bottom line impact. Typically, companies focus their efforts only on how they can drive costs down within their supply chain, without considering how their import/export compliance team can improve value.

Read More

Topics: Import Compliance, Export Compliance, Events, Global Trade Academy, Trade Compliance

Understanding C-TPAT and the New C-TPAT Portal

Posted by Suzanne Richer

Customs–Trade Partnership Against Terrorism (C-TPAT) is a voluntary, joint government-business initiative to help add to supply chain visibility and increase border security. Although generally C-TPAT focuses on imports into the United States, it has more recently opened up to U.S. exporters since they are too exposed to considerable risk. In order to accommodate the requests and expanding parameters, a framework for the C-TPAT program and requirements has been deployed.

Read More

Topics: Import Compliance, Export Compliance, Global Supply Chain, Trade Compliance, C-TPAT

Cookie Settings