US Customs to Begin Issuing ISF Liquidated Damages
Today, U.S. Customs & Border Protection announced that they will begin to enforce existing liquidated damages provisions for Importer Security Filings (ISF) required to be filed on or after July 9, 2013. Enforcement actions will not apply to ISF-5 transactions, which involve goods transiting, but not remaining in, the US. Liquidated damages enforcement actions instituted…
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