BIS, Commerce Department, & Department of State Adjust Civil Penalties
…new maximum penalty under 22 U.S.C. 2778 (22 CFR 127.10(a)(1)(i)) is the greater of $1,200,000 or the amount that is twice the value of the transaction that is the basis…
…new maximum penalty under 22 U.S.C. 2778 (22 CFR 127.10(a)(1)(i)) is the greater of $1,200,000 or the amount that is twice the value of the transaction that is the basis…
U.S. Customs and Border Protection (CBP) is strictly enforcing the interpretation of first sale requirements. First sale is a lawful way for importers purchasing goods in a multi-tiered transaction to…
…for the District of Colorado announced recently. The company failed to properly classify its imported products and declare their value, thereby failing to pay the full amount of Customs duties…
…of each company’s policies and procedures. The guidelines also mention that organizations should screen all parties in an ITAR-related transaction before doing business with them, and cross-reference them against the…
The U.S. Census Bureau has seen an increase in inquiries from foreign governments for copies of the Electronic Export Information (EEI), as well as some requiring the Internal Transaction Number…
…55 percent of the value of their component parts was manufactured in the U.S. This new rule will initially increase this threshold to 60 percent, then raise it to 65…
…The Treasury Department will also develop guidance on sanctions to make clear that all U.S. persons must comply, whether the transaction is in traditional currency or cryptocurrency, such as bitcoin….
…authorization to for your export transaction. If you have questions on how this may impact your business, or need assistance reviewing your transactions, reach out to Mohawk Global Trade Advisors….
…evidence is sufficient to prove that the goods were not made with forced labor, and to identify which companies—outside the province—are either using inputs from Xinjiang or accepting transferred Muslim…
When importing—or exporting—goods under a lease agreement, it is important to understand that the items are not considered sold and that transaction value will not apply. Instead, importers must use…
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