U.S. Department of Commerce Imposes Sweeping Country-Wide Import Duties on Certain Solar Cells and Models
Podcast: How the First Sale Rule Can Lower Your Duties by up to 30%
Williams Mullen's COVID-19 Comeback Plan: China-related Duty Savings and Refunds
Fcpa Compliance and Ethics Report-Episode 58-Interview with Michael Scher
Welcome to the August 2024 issue of “As the (Customs and Trade) World Turns,” our monthly newsletter where we compile essential updates from the customs and trade world over the past month. We bring you the most recent and...more
Last June (2023), in response to a ruling request from Your Special Delivery Services Specialty Logistics (YSDS), Customs and Border Protection (CBP) issued HQ H324098, clarifying what it means to be an “owner or purchaser”...more
Welcome to our new series, where we’ll share simple yet effective ways for savvy importers to save on import duties. In this series, we’ll break down different strategies, making them easy to understand, regardless of your...more
As of 1 January 2024, imports of industrial goods into Switzerland are exempt from customs duties. Together with other tariff simplification measures, this is expected to result in yearly customs savings for importers of over...more
As we have previously explained in other articles, an IMMEX is a duty deferral program from the Mexican federal government created in 2006, which stands for Industria Manufacturera, Maquiladora y de Servicios de Exportación...more
A veritable grab bag of international trade developments to parse this week. Recent developments include increasing FCPA enforcement, a record OFAC economic sanctions penalty, and a large customs penalty for willful failure...more
1.1.1 Taxes/Duties Payable Upon Execution of the Sales Agreement VAT Whether there will be any VAT payable on the sale of an aircraft is determined by its physical location at the point of sale. If the aircraft is physically...more
There are new tariff classifications for machinery under Chapter 84 of the Harmonized Tariff Schedule of the United States (“HTSUS”). The changes to Chapter 84, as well as many other areas of the HTSUS, took effect on January...more
Key Takeaways: • Threatened 25% tariffs on French luxury goods are suspended. • USTR is still looking at tariffs in retaliation for taxes on U.S. global tech companies. • Biden’s new USTR will face immense pressure to...more
In view of the recent action taken by President Trump in an Executive Order regarding Hong Kong’s status, US importers should prepare for increased risk exposure in US-Hong Kong trade. Although Hong Kong technically...more
On March 20, 2020, U.S. Customs and Border Protection (CBP) confirmed that, due to the severity of the COVID-19 emergency, it will approve on a case-by-case basis requests for extension of payment of estimated duties, taxes...more
In light of the COVID-19 outbreak, U.S. Customs and Border Protection (CBP) announced on Friday, March 20, that it will approve on a case by case basis requests to extend payment of customs duties, taxes and fees. CBP is...more
The EU-UK agreement reached on 17 October 2019 ("Agreement") revises the Irish backstop with a new protocol on Ireland/Northern Ireland ("NI protocol")....more
Customs duty drawback has long been recognized as a lawful means by which importers may reduce the realized impact of tariff duties on imported items. United States Customs and Border Protection (“CBP”) published a highly...more
In Budget 2016: Growing the Middle Class, the Government of Canada announced its intention to eliminate tariffs on food manufacturing ingredients, such as those used in the agri-food processing industry, as part of its plan...more
In 2011, Turkey imposed for the first time “additional customs duties.” These are duties as high as 50% imposed on top of normal customs duties on certain goods entering the Turkish territory. These additional customs...more
The EU and Vietnam have concluded the substantive elements of a Free Trade Agreement (FTA), widely-hailed as one of the most ambitious and comprehensive such agreements that the EU has concluded with a developing country....more
Since the introduction of the Transaction Value System of customs valuation by Canada on January 1, 1985, the Canada Border Services Agency (CBSA) has maintained a stated policy of denying refund claims of related party...more
Following the announcement in July of an ambitious plan to develop mainland China’s first free trade zone in Shanghai, there have been several recent developments relating to the forming and unveiling of the zone. ...more