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Alert Categories: Regulatory/Compliance

GSP Update

As most of you know, the Generalized System of Preferences (GSP) program expired July 31, 2013. The average liquidation cycle is about 10 months, so entries made in August 2013 will be liquidating shortly. The question has come up if importers should start filing protests or requesting suspension of liquidation in order to preserve their […]

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GSP is Due to Expire July 31st

The Generalized System of Preferences (GSP) program is slated to expire on July 31, 2013. As of this writing, it appears unlikely that Congress will extend the legislation prior to the expiration date. With the upcoming Congressional summer recess, we may be facing another late renewal of GSP, albeit hopefully with retroactive status. We recommend […]

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Customs to Begin Full Enforcement of ISF July 9, 2013

U.S. Customs and Border Protection (CBP) has announced that they will begin full enforcement of the Importer Security Filing (ISF or 10+2) on July 9, 2013. To date, CBP has been applying a measured and commonsense approach to ISF enforcement. The existing liquidated damages provisions will be employed. While there may be multiple errors on […]

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