In today’s business climate, it is a necessity to stay informed, compliant and update with the ever changing customs regulations. The new and updated regulations along with increased border security have resulted in a safer border but have also created an environment of increased trade compliance by US Customs and Border Protection. The burden of staying compliant with the increasing complexity of international and cross border trade falls on the Importer of Record.
The consequences of failing to comply with customs regulations may include:
- Monetary Penalties
- Delays of Inbound Shipments
- Overpayment of Duties and Government Fees
- Suspension of Import Privileges
PCB staff are experts in trade compliance and we partner with our clients and the international trade community to help avoid these delays and penalties through alerts, education, seminars. Please contact us below for additional information.
US Customs has shifted their emphasis from import inspections to post audit verifications. The Importer of Record is responsible for understanding important regulations and laws. This includes file correctness, declaration of origin, tariff classification and duty. Importers are required to utilize care and exercise due diligence to achieve compliance with import regulations. PCB team of experts believe in being proactive with our clients by using and knowledge and expertise with best trade practices, internal set of controls and self auditing. Please contact PCB on how we can help you navigate the import process.
DID YOU KNOW?
- U.S. Customs has shifted their emphasis from import inspections to post audit verifications.
- The Importer of Record is responsible for understanding regulations and laws. This includes file accuracy, declaration of origin, tariff classification and duty.
- Importers are required to utilize care and exercise due diligence to achieve compliance with import regulations.
THE PCB RESPONSE:
- We remain proactive in helping our clients navigate the import process.
- We are purposeful in implementing best trade practices, an internal set of controls, and self-auditing.
Customs and Trade Partnership Against Terrorism (C-TPAT)
The C-TPAT program was created by U.S. Customs in November 2001 as a way to safeguard the trade industry from terrorists in order to maintain the economic health of the United States and its neighbors. PCB is a dedicated participant in this program and continuously seeks new ways to contribute to the efforts of CBP and DHS.
Below you will find informative resources that we have provided in an effort to do our part in educating the trade community about the C-TPAT program and requirements. Contact us today for more information on how the C-TPAT program can benefit you and your organization.