Like classification and country of origin, Customs Valuation is a crucial element of trade compliance. Valuation has always been a key focus of Customs administrations, as it will primarily affect the import customs duty and import VAT of imported goods, VAT refund of exported goods, and other important statistical considerations.
Topics: Asia
As our Vice President Michael Bellezza spoke about on June 26th, the pace of change in trade compliance regulations and requirements has never been swifter than in the past five years.
The United States market is not unique in grappling with these regulatory challenges. However, the formality with which US Customs & Border Protection, the US Bureau of Industry and Security, and other relevant government agencies enforce regulations, combined with the market size and trade volumes most US-based customers must manage, make this a jurisdiction where strategy and forethought are especially key to ensure trade compliance departments meet their goals.
Topics: About us
Global trade regulations have never been more complicated or unpredictable, and compliance mistakes are more costly than ever.
It’s important to get it right. Our experts understand the rules and regulations across the globe. We’re on top of the latest changes to make sure you are provided with high-quality, managed compliance solutions.
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Topics: About us
Medical items being exported from the US to Russia, Belarus, and occupied regions of Ukraine may require an export license. The sanctions set forth under Sections 746.5, 746.6, 746.8, and 746.10 of the Export Administration Regulations (15 CFR Parts 730-774, “EAR”) are designed to include the prohibition of medical item exports that support military involvement in the ongoing conflict in Ukraine. There is a policy of denial for The Ministries of Defense of both the Russian Federation and Belarus. However, license applications for health and safety, medical, and humanitarian items destined for civilian facilities are reviewed and may be approved on a case-by-case basis.
Topics: Europe, Asia, Export Consulting
Customs Procedures become increasingly attractive to companies with higher exposure to duties as their business grows through expansion or as they try to enter new markets. Customs Procedures can greatly reduce the duty burden on a company, ensuring that duties are paid when goods are sold as opposed to when they are brought into the European Union or simply not paid because a destination outside the Union has been found for the goods.
