QUESTION: How do other companies maintain that their 3rd party companies screen and vet their customers, suppliers and vendors properly? In other words how far do you go with a 3rd party agent? Do you feel it’s necessary to screen and vet an international bank that will receive wire transfers as well ? ========== Answer: […]
QUESTION: We just acquired a company that’s been using the wrong tariff code (duty free, no China tariff) for a product they were importing. We have started to use the correct code (duty free + 25% China tariff but there was an exclusion until 12/2020). What is the recommendation for previous entries using incorrect code […]
QUESTION: The company I work for continues to purchase smaller businesses who operate independent of the parent company, meaning they are retaining their own Tax ID. I’ve heard them described by leadership as stand-alone companies, we just own them. Because these new companies are owned by the parent company, I do solicit them for C-TPAT […]
QUESTION: As promised, attached are the results from the recent C-TPAT survey. https://www.icpainc.org/wp-content/uploads/2021/02/ICPA-CTPAT-Survey.pdf
QUESTION: In regards to this proposed ruling 84 FR 40302, where Customs Brokers must verify their clients, is this an official requirement? Our new broker is asking for our CEO’s government ID and want to make sure this is already a requirement before requesting this from our CEO. I’d like to include the CFR citation […]
QUESTION: I found out just a couple of weeks ago that my Broker’s License was issued as of January 2021. To give an idea, all I have so far is my license number and a courtesy notice from the port I applied at that the license was approved. Would I still need to file a […]
QUESTION: My company is looking to enter an agreement with a foreign vendor where we would pay a discounted value post purchasing a minimum agreed volume of product, but if we do not purchase the minimum agreed volume of product, we will pay penalty. My thinking is that we would use invoice transaction value as […]
QUESTION: I am preparing for the 2021 April Customs Brokerage Exam and am currently taking previous exam as practice. Question #47, from the April 2019 Exam, in the Practical Exercise section has me lost. A commercial invoice is given to answer 5 questions, with no other instruction or information. Follow the link April 2019 Exam […]
QUESTION: Scenario: My organization is a chemical manufacture and recently imported US product (USMCA Inventory) to a leased facility as a related transaction. From this facility the inventory is then sold as a domestic transaction within Canada. We cannot guarantee our product is not combined with non-originating inventory at facility. The Canadian customer is now […]
QUESTION: Can anyone share with me where the role of ensuring a product meets UL, CE, MX NOM or any other country specific OGA requirement for safety or standards (Cert of Conformity) lies in your company? I realize these things impact the ability of a company to import into a country but to me these […]
QUESTION: From a C-TPAT and/or General Customs Compliance standpoint, would there be any compliance issue if… – one of our vendors changed from X (who used Manufacturer C) to Y, – the new vendor Y kept the same Manufacturer C and the Importer of Record kept the same Stock Keeping Unit (SKU) Number for Manufacturer C? […]
QUESTION: In talking with our project management team the discussion for best practices for screening new potential customers in the US came up. I believe best practice is screening before you even contact the company. My PM asked where an infraction could occur if the quote was presented to the customer due to insufficient screening, […]
