TradeLane

As with most questions in the Trade Compliance space, the answer to this question can be nuanced and significantly impact an importer’s compliance risk, and the landed cost of the goods.

Importers who use Foreign Trade Zone (FTZ) sites to store regulated hydrofluorocarbons (HFCs) may be interested to learn the EPA has clarified that HFCs will be treated the same whether the cargo is entering/exiting an FTZ or if a consumption entry is being filed.^[1] The HFC Phasedown went into effect November 2021.

Recently, I had to provide someone with a list of the top ten CTPAT Minimum Security Criteria that I thought were the most critical. This was not an easy exercise. As any importer who is a CTPAT member knows, there are 140 different criteria, and each one is important, especially the required ones.

Last May, the National Competition for Customs Valuation and HS Classification was held by CVCI (Customs Valuation & Classification Institute, affiliated organization of Korea Customs Service).

A total of 369 people, including 21 organizations, participated in the HS Classification competition, and 271 people, including 11 organizations, participated in the Customs Valuation competition.

On May 3^rd, the United States Trade Representative (USTR) issued a notice requesting comments from US domestic industry regarding the extension of Section 301 duties originally imposed in July and August 2018. The request for comments is directed at US domestic industries that have benefited from the Section 301 action, which imposes additional duties on products that are country of origin China.