Fireworks and the 4th of July go hand-in-hand, bringing friends and families together to celebrate the birthday of America's independence. But did you know that the majority of fireworks sold for the 4th of July are actually imported into the U.S.? What does it take to import fireworks into the United States?
Customs duties are tariffs or taxes imposed on goods when transported across international borders. The purpose of customs duties and taxes is to control the flow of goods in order to protect each country's economy, residents, jobs and environments. Each product imported into the U.S. has an established duty rate, based on the country of origin and product components.
Summer is approaching, the days are getting warmer and the number of imported sunglasses is increasing. Upon importation, sunglasses are considered a medical device, which requires additional paperwork to be submitted to Customs and Border Protection (CBP) and the U.S. Food and Drug Administration (FDA) to obtain customs clearance. FDA also recently issued a new import alert for sunglass and eyeglass products originating from specific foreign manufacturers, affecting a number of eyewear importers.
Did you know that paint and markers, among other commonly imported items, require a Toxic Substances Control Act (TSCA) certificate? In order for certain commodities to enter U.S. commerce, a TSCA certificate must be submitted to U.S. Customs and Border Protection (CBP) to obtain customs
Nearly 20% of all imports into the U.S. are food and food products. These food imports require Prior Notice filing in order for the goods to enter U.S. commerce. Prior Notice allows FDA to review and evaluate information before a food product arrives in the U.S. so the agency is able to allocate resources for inspections, as well as help intercept contaminated products. If your business imports food products into the United States, Prior Notice is pertinent to the success of your import program. So what important information do importers need to know about Prior Notice?
On January 26, 2009, the Importer Security Filing and Additional Carrier Requirements (commonly known as ISF or '10+2') went into effect, changing the rules for U.S. cargo arriving by vessel. The new rule required U.S. importers to submit shipment information to a CBP-approved electronic data interchange system. The required information provided CBP with the ability to identify high-risk shipments in an effort to prevent smuggling, ensuring cargo safety and security. Failure to comply with ISF requirements could result in monetary penalties, increased inspections and delay of cargo. So what do U.S. importers need to know about ISF '10+2' requirements prior to importing?
Over the last 21 years, the North American Free Trade Agreement (NAFTA) has created abundant trans-national trade opportunities for American, Canadian and Mexican businesses. With a population of over 122.3 million people and a GDP of approximately $1.261 trillion, the Mexican market is becoming increasingly more attractive to companies across the world. So how can U.S. businesses prepare for international trade success?
Storage, demurrage, per diem and detention charges are fees assessed by carriers for extended use of equipment or space. These charges can add up quickly, causing financial strains for importers if proactive steps are ignored. Proper planning and execution by a Licensed Customs Broker (LCB) or freight forwarder can reduce the chances of incurring unnecessary import storage charges.
Under U.S. law, a trademark is defined as any word, name, symbol, device, color or combination thereof used to identify and distinguish goods from those manufactured or sold by others and to indicate the origin and source of goods. When importing trademarked goods, what compliance steps should companies take to secure financial well being? How can importers ensure compliance with federal government trademark laws and regulations?
Importing into the United States is a complex and detailed process. However, licensed customs brokers (LCBs) can help importers clear and receive their goods in a timely and compliant manner. There are numerous U.S. Customs requirements importers should be aware of to avoid supply chain disruptions. If importers fail to plan, these disruptions could result in delayed or confiscated cargo, as well as monetary fines.