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Customs Consulting
In 1993 the U.S. Customs Modernization Act (MOD ACT) was passed. The passage of these new regulations has
had a significant impact on importers. A much greater burden has been placed on the importer in the areas
of informed compliance, and record keeping. Increasing numbers of importers are being audited and finding
that they have not been in compliance with customs regulations in the past. Non-compliance with these regulations
can lead to fines and penalties that can reach as much as $10,000 per entry. Finding, correcting, and reporting
these problems before Customs does, illustrates the use of proper care, and helps to protect against penalties.
Informed Compliance
Our team of experts will work together with you to make sure you are in compliance with Customs regulations.
If you have made errors in the past, we will help you report them to customs in the proper fashion to avoid or
reduce future penalties. In addition, we will assist you in making sure you are using the correct methods for
determining the classification and value of your merchandise to avoid future problems. Using these valuable
services illustrates the use of reasonable care as required by U.S. Customs, and minimizes the possibility
of penalties
Classification
How was the classification of your merchandise determined? Using the alphabetical index of the Harmonized
Tariff Schedule is not sufficient. It is imperative to follow the guidelines set forth in the General Rules
of Interpretation. In addition, it is necessary to consult previous Customs rulings, and possibly request a
binding ruling for your merchandise if there is any question as to the proper classification.
Valuation
Are you paying duty based on the invoice value? It is important to use the proper methods for determining
the net-entered value of your shipments. The invoice is just the beginning, you must than add and or deduct
amounts, for such items as freight, assists, rebates, royalties, etc.
Record Keeping
We will prepare a record keeping program that meets customs guidelines as set out in the AIA list.
First, we will review the system you have in place, and assess your needs to obtain compliance.
We will help you modify your record keeping system for the future.
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