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A Customs bond is a legal contract between a principal (importer or shipper), a Surety company, and CBP that guarantees the importer complies with Customs regulations and that CBP is paid for applicable import duties, taxes, fines, and penalties. Bonds are required for almost all formal CBP entries and may be required for some informal … How Are Customs Bonds Calculated? Read More »

The U.S. Trade Representative has determined to extend all exclusions previously extended under heading 9903.88.67 and U.S. notes 20(ttt)(i), 20(ttt)(ii), 20(ttt)(iii), and 20(ttt)(iv) to subchapter III of chapter 99 of the Harmonized Tariff Schedule of the United States (HTSUS). See 87 FR 78187 (December 21, 2022). The extension is effective with respect to goods entered … USTR Extending All Existing Section 301 Exclusions Read More »

The Merchandise Processing Fee (MPF) is a fee assessed by US Customs for most imports into the U.S. The MPF is charged at 0.3464% of the cargo value that was declared on the commercial invoice, The merchandise processing fee (MPF) ad valorem rate of 0.3464% will not change. The MPF minimum and maximum for formal … About Merchandise Processing Fee Read More »

May 12, 2023 WASHINGTON – The Office of the United States Trade Representative today announced the extension of 77 of the 81 COVID-related exclusions in the China Section 301 Investigation.  The exclusions were previously scheduled to expire on May 15, 2023.  The exclusions have been extended through September 30, 2023, which will allow the United … USTR Extends Certain COVID-Related Exclusions from China Section 301 Tariffs Read More »

Happy New Year! May you find the perspective you seek in 2023. As a wise person once said, “Life isn’t about waiting for the storm to pass, it’s about learning to dance in the rain”. This is the perfect time to turn over a new leaf and follow your dreams. We believe we can do … Happy New Year 2023 ! Read More »

The Office of the U.S. Trade Representative is today commencing the statutory process required leading up to the four-year anniversaries of the tariff actions in the Section 301 investigation of China’s Acts, Policies, and Practices Related to Technology Transfer, Intellectual Property, and Innovation. The first step in the process is to notify representatives of domestic … USTR Issues Notice Regarding Statutory Four-Year Review of China 301 Tariffs Read More »