Customs valuation is generally determined using transaction value. However, when using transaction value is insufficient, valuation can be determined using 5 other methods. The 6 Methods of Customs...
The 6 Methods of Customs Valuation
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Customs Compliance
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The Basics of Customs Valuation
Customs Valuation determines the economic value of goods declared for importation. Importers must accurately assess and declare the value of goods to Customs before arrival. Those importing into the...
Importing for Amazon: FBA Merchandise Import Process
Before selling merchandise on Amazon, FBA importers need to understand their obligations in the import process. Those selling products sourced from other countries are commercial importers and...
What U.S. Importers Need to Know About USMCA
The United States Mexico Canada Agreement (USMCA) is an updated version of the North American Free Trade Agreement (NAFTA). USMCA was implemented on July 1, 2020. Over the last couple of years, the...
What is Informed Compliance?
Informed compliance is a shared responsibility between Customs and Border Protection (CBP) and the import community. CBP communicates its requirements to the trade, people, and businesses subject to...
How to Import Personal Protective Equipment into the U.S.
The COVID-19 pandemic has driven a demand for personal protective equipment (PPE) for both healthcare professionals and the general public. For U.S. importers to avoid challenges and risks...
FDA Classifications for Personal Protective Equipment (PPE)
COVID-19 has caused a worldwide shortage of Personal Protective Equipment, and many are attempting to import these goods into the United States. When looking to import PPE, such as masks, it is...
U.S. Customs Authorization of 90-day Duty Deferral
On April 19, 2020, the President issued an executive order to temporarily extend deadlines for estimated duties, taxes, and fees for 90 days to provide relief for importers suffering significant...
Understanding an Insufficiency Letter for Your Customs Bond
When your bond is deemed insufficient by Customs, an importer will receive an insufficiency letter informing them. But what does it mean and what should you do? U.S. Customs and Border Protection...
Address Changes on a Customs Bond
It is important to update the address on your Customs Bond when your business changes addresses. In order to retain accurate information, Customs and Border Protection has created a variety of...
9 Reasons Customs May Deem Your Bond Insufficient
Why has your Customs Bond been deemed insufficient? There are 9 possible reasons and we have the answers... When importing into the United States a U.S. Customs Bond is needed to enter your goods...
5 Things to Know About ACE
Learn how ACE can benefit you and your organization. The Automated Commercial Environment (ACE) is CBPs new interface used to process documentation. The single window streamlines and automates the...