Thursday, December 29, 2016
Happy New Year
From your friends at F. H. Kaysing Company!
2017 is right around the corner and we want to wish you all the very best, as well as offer up a few reminders to help with your compliance measures.
The beginning of a new year provides a good opportunity to look at some of your import practices and perhaps update a few of them that may require some tweaking.
First and foremost:
A review of your tariff classification database for the following:
- HTS updates
- Related parties
- Free Trade Agreements or any duty preference programs
- Anti-Dumping Countervailing applicability
If you are engaged in a reconciliation program, you may want to review your broker instructions due to the changes in ACE that a blanket flag will no longer apply beginning January 14, 2017.
Is your Customs Power of Attorney up-to-date?
Do you have updated Certificates of Origin on file?
Are your Manufacturer’s Affidavits current? Can you fully support your “US Goods” claim?
Have you determined if your continuous entry bonds are sufficient?
As always, please feel free to reach out to us with any questions or concerns you may have. We look forward to working with you in 2017 and beyond!