compliance Archives

Importing For Amazon: 8 Steps to Begin Selling on Amazon

Those who want to sell products manufactured outside the United States using Fulfillment by Amazon (FBA) will need to learn the basics of importing and the steps for becoming an Amazon seller. FBA sellers can import their products, send them directly to an Amazon warehouse, and fulfill customer orders without having to see or touch…

What is an Importer of Record?

An Importer of Record is responsible for entry documents required by U.S. Customs and Border Protection, product classification, payment of duties, and other import obligations needed to import goods into the United States. The Importer of Record (IOR) is the owner, purchaser, consignee, or authorized Customs broker of imported products coming into the United States….

The 6 Methods of Customs Valuation

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 Valuation Method 1: Transaction value Method 2: Transaction value of identical goods Method 3: Transaction value of similar goods Method 4: Deductive method Method 5: Computed method…

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 United States must adhere to specific guidelines set by the U.S. Customs and Border Protection (CBP). Using a standard set of rules for Customs Valuation is…

Importing FBA for Amazon: 10 Things to Know

Importing for Amazon: 10 Things to Know About FBA

As an importer of Fulfilled By Amazon (FBA) products, you are responsible for making arrangements to have your goods shipped to the United States, cleared through customs, sent on to their final destination, and meeting all of Amazon’s regulations. 1. Have your products inspected before they are shipped. Have an inspection conducted in the country…

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 is due to be implemented on July 1, 2020. Over the last couple of years, the U.S. government has been working with Canada and Mexico to revamp the North American Free Trade Agreement (NAFTA). Now…