Making Lemonade in the Age of Trade Restrictions

Posted by Nick Fabretti

Unpredictability around trade protectionism isn't just limited to the US, or even the western hemisphere. For global companies sourcing and shipping around the world, it can be important to know some of the quirkier import and export anomalies, saving time and avoiding headaches from denied shipments and surprise tariffs.

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Topics: Import Management, Export Management, Import Compliance, Export 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.  

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

How to Fully Address the New ACE PGA Requirements

Posted by Joe Gabro

US Customs and Border Protection (CBP) is leveraging the Automated Commercial Environment (ACE) system to implement a Single Window with Partner Government Agencies (PGAs). As a result, importers must now prepare all data elements prior to the arrival of goods.  Considering 10-75 data points must be declared at the time of admission, importers must find a way to ensure that the correct information is being submitted in a timely manner.

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Topics: Import Management, Entry Management, Import Customs Filing

Moving at the Speed of Trade: Customs Filing Simplified

Posted by Ty Bordner

The world relies on commerce.  Given the current global trade environment and the ongoing shifts in trade policies around the world, customs management is as important as ever. In its 2016 Import Benchmark Report, American Shipper magazine reports that customs self-filing is a growing trend in the industry.  Tools and systems are readily available, providing the shipper with choices in how they file the required information with customs agencies.  Working with third party logistics providers may make sense for some organizations, but leveraging software to file data directly with customs provides added value to many companies.

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

Webinar: How Will the U.S. Border Adjustment Tax Affect Importers?

Posted by Julia Gorman

Nothing dominates the importing and exporting scenario in the United States more readily today than the discussion around a border tax. With a long-standing trade deficit, the U.S. imports far more than it exports and the proposed border adjustment tax (BAT) would hit imports for an additional 20%. There are supporters and detractors on both sides. 

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Topics: Import Management, Import Compliance

Polaris Conquers Future Challenges in Digitization, Globalization, and Scalability

Posted by Kelsey Barker

Looking to 2017 and beyond, the stakes for supply chain leaders continue to rise. Executives at the SCM World Live Americas conference next week will learn how Polaris is automating its global supply chain activity to address current and future challenges in digitization, globalization, and scalability:

  • Eliminated or mitigated trade flow gaps
  • Ensured quality trade procedures
  • Optimized internal and third-party resource utilization

Using digital supply chain touch points and a new resource structure, Polaris has successfully created a strong foundation built for scale and flexibility. 

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Topics: Import Management, Free Trade Agreements, Global Supply Chain

Wall Street Journal: Brace Yourselves... Changes Are Coming!

Posted by Joe Gabro

As you are probably aware, the World Customs Organization (WCO) announced updates to the Harmonized System (HS), which means major changes are just around the corner! The Wall Street Journal took notice in their new Morning Risk Report: Changes Coming to Product Classification System.

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Topics: Import Management, Export Management, Product Classification

Missing the CBP Trade Symposium? We Have You Covered!

Posted by Nick Fabretti

Are you unable to make it to this year’s U.S. Customs and Border Protection (CBP) Trade Symposium in Arlington, VA? Or will you make it to Arlington, but would like a review of the themes and updates from the event?

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Topics: Import Management, Import Compliance

2017 WCO Harmonized System Changes Infographic

Posted by Mollie Leon

The World Customs Organization (WCO) has announced significant updates to the Harmonized System (HS), which will go into effect in 2017. These changes could have a major impact on your company’s global trade processes and international supply chain. Are you prepared?

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Topics: Import Management, Export Management, Product Classification

Webinar Q&A: Customs Valuation Essentials for Importing

Posted by Nick Fabretti

Last month, Amber Road's Global Trade Academy broadcasted a webinar Customs Valuation Essentials for Importing. Our presenter, Robin Grover, Consultant at Amber Road’s Trade Advisory Practice received several questions throughout the webinar. Unfortunately, he did not have time to address them all during the live broadcast. We have compiled his answers into a Q&A document - here is a preview:

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Topics: Import Management, Global Trade Academy