Commercial Invoice Must Haves
…their sleep. Yet, an inaccurate or incomplete commercial invoice is one of the most common errors found during a U.S. Customs audit. In order to avoid penalties and fines, importers…
…their sleep. Yet, an inaccurate or incomplete commercial invoice is one of the most common errors found during a U.S. Customs audit. In order to avoid penalties and fines, importers…
…export is eligible for a license exception. The Real Cost of Noncompliance It’s important that U.S. exporters understand and comply with all screening requirements to avoid losing export privileges and…
…of the U.S.-Peru Trade Promotion Agreement and flips to the tariff schedule. He sighs heavily as he realizes that he must now sift through nearly a thousand pages to find…
…“doing nothing” in response to a corrective action issued by Customs. For failing to correct an error that the importer had previously admitted to Customs, the defendants in this case…
…chain. As a result, the importer signed a one year consulting agreement with MGTA. Our Solutions The MGTA team presented the importer with solutions for transportation management, Customs compliance, and…
…offer a full menu of logistics services, including domestic and international forwarding, warehousing and distribution, Customs brokerage, and consulting to local companies. “This gets us closer to our clients in…
…pay duty on “assists” that aided in the production of that product. According to US Customs, these listed assists should be reported as part of the import value of your…
…what should be done in the event of incomplete or missing information. It is also important for the exporter to obtain copies of their filings and to double-check the forwarder’s…
…preferable for the seller/exporter, who perhaps sees these obligations as too much of a hassle. However, most exporters don’t realize the potential compliance issues that this arrangement creates. Let’s start…
…See accessorial charge. BAF See Bunker Adjustment Factor. Bunker Adjustment Factor (BAF) Charged by ocean carriers to compensate for increased fuel (bunker oil) costs. Also known as bunker surcharge. bunker…
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