The ability to import low-value packages without paying duties is a benefit to consumers and businesses, the U.S. Chamber of Commerce and other trade groups that use de minimis are arguing, as they lobby against bipartisan efforts to curtail de minimis eligibility.
Canada's proposed "last sale" change to its customs valuation practice could present a host of problems for customs brokers, law firm Neville Peterson said in a blog post. If the regulatory change, which would require imports to be assessed duties according to the price of their "sale for export," is approved, brokers would have to examine resales to accurately file entries and would "no doubt be required to file many post-importation adjustments," the firm said.
International Trade Today is providing readers with the top stories from last week in case they were missed. All articles can be found by searching on the titles or by clicking on the hyperlinked reference number.
Canada's proposed "last sale" change to its customs valuation practice could present a host of problems for customs brokers, law firm Neville Peterson said in a blog post. If the regulatory change, which would require imports to be assessed duties according to the price of their "sale for export," is approved, brokers would have to examine resales to accurately file entries and would "no doubt be required to file many post-importation adjustments," the firm said.
The National Customs Brokers & Forwarders Association of America recently urged CBP to pull back proposed new data elements on CBP Form 7501 for steel and aluminum imports, noting the information is already provided to the Commerce Department through that agency's import licensing programs and could be obtained from Commerce directly without any added burden to the trade.
CBP issued the following releases on commercial trade and related matters:
CBP released on June 22 its final rule on continuing education for licensed customs brokers. The notice details requirements for individual brokers to meet the continuing education requirements, as well as the accreditation process for courses. As expected, the agency will require brokers to complete 36 hours of continuing education each triennial reporting cycle, beginning with the cycle ending in 2027.
CBP’s final rule on continuing education for customs brokers makes few changes to the agency’s underlying proposal, though much remains to be decided during the implementation process, including specific criteria for approving continuing education courses and accreditors.
CBP and the Commercial Customs Operations Advisory Committee, or COAC, have "several issues where the COAC and CBP have agreed to disagree," in a customs modernization proposal, said Flexport's Caroline Dale (see 2306050069), but the lengthy work to come to consensus is just the start.
International Trade Today is providing readers with the top stories from last week in case they were missed. All articles can be found by searching on the titles or by clicking on the hyperlinked reference number.