If you have not done so already, US Customs & Border Protection (CBP) is now accepting registrations for Importer Security Filing (ISF or 10+2) progress reports from ISF Filers and C-TPAT Tier2 and 3 importers to Requests should be sent to Progress_Report@cbp.dhs.gov. Instructions from CBP: Filers should provide their Company Name, Filer Code, Point of [...]
CBP has announced how it will calculate penalty amounts from the Importer Security Filing (aka 10+2). For the importers, a late filing can result in a $5,000 penalty for liquidated damages for each inaccurate ISF. Inaccurate filings, inaccurate updates, and the failure to withdraw an ISF can also result in $5,000 claim for liquidated damages. [...]
Boskage Trade News has a clever posting on their blog today on Import Compliance: How to Win a Free Place to Stay with Three Meals a Day 1. Send emails to your foreign suppliers requesting two invoices – one with a lower cost for CBP and one with the actual cost submitted directly to you. [...]
