Effective June 28, 2021, all imports of certain aluminum products will need an entry-specific license to complete the Customs and Border Protection (CBP) entry summary in accordance with 19 CFR part 361. The new requirement applies to a specific set of HTS numbers for aluminum and aluminum products: 7601 7604 [...]
First, let us discuss the term, Bill of Lading (BL). This is a document that establishes the terms of a contract between a shipper and a transportation company. It can serve as a document of title, a contract of carriage, and a receipt for goods. Different types of BL [...]
Duty drawback is an international compliance program that allows for the refund of Customs duties paid on imported merchandise when the products have been subsequently exported or destroyed. This program was established in 1789 to promote exports by means of offering duty refund when imported merchandise [...]
As an importer of regulated composite wood products, you should ensure that you only purchase compliant wood commodities. You must demonstrate that you have taken reasonable precautions by obtaining bills of lading, invoices, or other comparable documents that include the written statement from the supplier or [...]
Although these two terminologies appear similar at first glance, they actually differ in meaningful ways and serve very different purposes. TIB A Temporary Importation under Bond, or TIB, is used to bring goods into U.S. commerce without payment of duty when they are not intended for [...]
When it comes to shipping, the Bill of Lading is considered one of the most important documents in the transaction. A Bill of Lading, or BL, is a document that establishes the terms of a contract between the parties involved in a shipment. It serves as [...]
ISPM 15 BACKGROUND Packaging used in international trade that is made of raw wood materials such as pallets or wooden crates can house small insects or other pests which presents a major issue if left unregulated. To prevent the possible spread of quarantine pests and plant [...]
When a seller based in the United States decides to sell goods to a buyer in another country, these parties are typically referred to as the U.S. Principal Party in Interest or USPPI (seller) and the Foreign Principal Party in Interest or FPPI (buyer). The Code [...]
Theoretically, yes, provided that duty drawback requirements are satisfied. Duty drawback was established in 1789 to promote exports by means of offering duty refund when imported merchandise has been exported. Since then, the program has been modified and modernized, however, the fundamentals remain the same – [...]
One key piece of information needed to have goods cleared by U.S Customs & Border Protection (CBP) is the HTSUS code for each of the products being imported. The HTSUS code, or classification, is based on many different factors including what the product is, what it [...]
