In late August of this year, the Canadian government, in a proactive move, issued a notice of intent to charge surtaxes on steel and aluminum that originates in China. The Canadian government has diligently monitored China's steel and aluminum production to ensure it does not harm global trade in these products.
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Commerce is imposing certification requirements on an increasing number of AD/CVD cases. When required, the importer must provide importer and exporter certifications concerning the applicability of an AD/CVD order to merchandise that they are importing.
There are two scenarios when a certification may be required:
Topics: AD/CVD, Antidumping, Countervailing
When exporting a commodity, the exporter’s first responsibility is to determine which regulatory body controls their export.
Reconciliation has become a highly utilized tool for many importers to maximize duty reduction benefits under certain FTA programs or to ensure compliance associated with valuation and 9802 claims. The Reconciliation filing process originally commenced as the ACS Reconciliation Prototype test in October 1998. Through the intervening years from 1998 to the present, there has not been any advancement to codify this program into the regulations as there are so many facets of trade compliance that are touched by the rules around the Reconciliation filing process. These rules can be found here: Reconciliation Interim Guidance. Having been involved with Trade Compliance for over 17 years and with an oversight role for the Tradewin Reconciliation service offering for the past number of years, the one thing consistent across that time span is the growing complexity of trade compliance that, in turn, is driving a constant need for continuing education and for developing experts in key areas of Trade Compliance. Reconciliation is no longer just a filing process. Rather, regulatory knowledge, application, and monitoring underpin the exercise.
Topics: Reconciliation
While we are all enjoying the warm months of summer, we know that winter is coming. We may not want to think about it, but it’s inevitable.
Topics: North America
