Seminar Classes

International Trade Seminars
Import Seminar/Export Seminar
Classes TBA Soon
Call 770-860-8122 to RSVP.
Tips for International Trade

1. Did you know that according to US Customs regulations 19CFR 111.91(b) a person who is not a broker who intentionally transacts customs business can be imposed a monetary penalty of $10,000 for each transaction or violation?

2. Date of exportation means to actual date the merchandise finally leaves the country of exportation for the United States.

3. Minimum quantities to be withdrawn from a bonded warehouse in quantities less than an entire bale, cask, box or other package, or , of in bulk, in quantities less than 1 ton in weight or the entire quantity imported, whichever is smaller.

4. Merchandise shall not remain in a bonded warehouse beyond the 5 years from the date of importation.

5. Powers of attorney issued by a partnership shall be limited to a period not to exceed 2 years from the date of execution.

6. All powers of attorney for individuals, corporation, associations may be granted for an unlimited period.

7. Liquidation means the final computation or ascertainment of the duties (not including vessel repair duties) or drawback accruing on an entry.

8. Non commercial importation means merchandise imported by a traveler for an individual’s personal or household use, or as a gift, but not imported for sale or other commercial purposes.

9. Any record relating to a drawback claim shall be kept until the third anniversary of the date of payment of claim.

10. A consignee is not the owner or purchaser or who appoints the customs brokers shall keep a record pertaining to merchandise covered by an informal entry for 2 years from the date of the informal entry.

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