Customs has announced that the reconciliation prototype will finally transition from ACS to ACE on July 8th of 2017.
There are some major changes to the program, most of which benefit the importer.
For example, the original value, duties, and fees will no longer need to be reported. This will save a considerable amount of time which was previously spent trying to get an exact match in the filing system. These figures will automatically populate after the ACE go-live.
Topics: Reconciliation
There has been a lot of information to digest recently regarding developments in Customs and Trade Compliance in Australia.
The minutes from the first quarterly Compliance Advisory Group meeting (CAG) and Goods Compliance Updates (GCU) for 2017 were recently published, with some important issues for industry to be aware of.
Topics: South Pacific
Whether you are a large multinational corporation or a small family owned business, all manufacturers, exporters, and brokers of defense articles, related technical data, and defense services (as defined on the United States Munitions List, Part 121 of the ITAR) are required to register with the Directorate of Defense Trade Controls (DDTC).
Don't forget, registering with DDTC does not automatically provide for export rights or privileges, but it is a precondition for the issuance of any license or other approval for export.
Topics: Import Consulting
A message from your Tradewin friends in Canada:
What is softwood lumber? It is lumber from coniferous trees such as pine, spruce, and Douglas fir.
The top six uses for Canadian softwood lumber are:
And now, it looks like it’s going to cost American importers as much as an extra 25% if they buy Canadian softwood lumber.
Topics: North America
The Korea Customs Service (KCS) has benchmarked the successful US Importer Self-Assessment (ISA) program and decided to establish a similar program in Korea for importers to use. Similar to the US, the ISA process starts with membership in Authorized Economic Operator (AEO). Korean AEO import companies are eligible to utilize the newly implemented ISA program, which is expected to become effective this month.
