Core Elements of an Import Compliance Program | Practical Law

Core Elements of an Import Compliance Program | Practical Law

A Practice Note regarding the processes that companies should implement to ensure they are in compliance with import laws and regulations enforced by US Customs and Border Protection (CBP). This Note provides an overview both of CBP requirements and compliance steps that companies should implement regarding the obligation to exercise reasonable care, the Importer Security Filing (ISF), customs bonds, commercial invoices, country of origin (COO) determination and marking, the forced labor prohibition, tariff classification, valuation, quantity verification, free trade agreements (FTAs), antidumping and countervailing duties (AD and CVD), intellectual property rights (IPR), recordkeeping, and partner government agencies (PGAs). This Note also discusses general aspects of an import compliance program, including development of formal import compliance policies and procedures, staff training, post-entry reviews, and internal audits.

Core Elements of an Import Compliance Program

Practical Law Practice Note w-005-2872 (Approx. 32 pages)

Core Elements of an Import Compliance Program

by Melissa Proctor, Miller Proctor Law PLLC with Practical Law Commercial Transactions
MaintainedUSA (National/Federal)
A Practice Note regarding the processes that companies should implement to ensure they are in compliance with import laws and regulations enforced by US Customs and Border Protection (CBP). This Note provides an overview both of CBP requirements and compliance steps that companies should implement regarding the obligation to exercise reasonable care, the Importer Security Filing (ISF), customs bonds, commercial invoices, country of origin (COO) determination and marking, the forced labor prohibition, tariff classification, valuation, quantity verification, free trade agreements (FTAs), antidumping and countervailing duties (AD and CVD), intellectual property rights (IPR), recordkeeping, and partner government agencies (PGAs). This Note also discusses general aspects of an import compliance program, including development of formal import compliance policies and procedures, staff training, post-entry reviews, and internal audits.