Netwin Solutions announced its GTKonnect FTZ (Foreign Trade Zone) software, which it said automates and simplifies complex zone-related data management, deadlines and reporting through reconciliation with inventory Bill of Materials (BoM), exception reporting, and integration with other software systems and partner organizations to reduce data entry. Netwin said its FTZ software provides end-to-end management of zone requirements with zone admission (or e-214 filing) to notify CBP of merchandise entering the zone via automated broker interface (ABI) link, QP/WP reporting for goods that arrive in one location and are being shipped to the zone or exported out of the zone, complete inventory management and visibility to process all zone related inventory transactions, 06 and 08 entry filing, and end-of-year reporting. Mitsubishi Motors North America has been a user of the software since December, Netwin said, using it to automate more than 250,000 zone transactions per day.
TranSwitch’s sharpened focus on video-related components could generate $20 million in revenue this year as it deploys HDPlay transceivers combining support for HDMI, DisplayPort and MHL, CEO Ali Khatibzadeh said at the Needham investor conference in New York. The chip developer has gained more than 50 “design-ins” for the HDPlay chip and will need to land purchase orders for slightly more than half that total to produce $20 million in video-related revenue, Khatibzadeh told us.
Jan. 23 NCBFAA Import & Export Roundtables, 2 p.m., N.Y.C. Marriott Marquis Hotel -- MFarrell@nynjforwarders-brokers.org
CBP and U.S. Immigration and Customs Enforcement issued statistics on their fiscal year 2012 intellectual property rights seizures. The statistics show that while the number of seized counterfeit goods has decreased since FY 2011, the total manufacturer's suggested retail price (MSRP) of the seized goods increased , said CBP. Handbags/wallets remained at as the top category of commodities seized by value, making up 40 percent of the MSRP seized, said CBP
Jan. 15 CBP Advisory Committee on Commercial Operations teleconference, 2 p.m. -- https://apps.cbp.gov/te_registration/?w=112 (See 12122720)
The customs broker’s license examination scheduled for April 2013 will be on Monday, April 1, said CBP in a notice. The exam typically consists of 80 multiple-choice questions, with a score of 75 percent required to pass. Exam topics usually include: Entry, Classification, Country of Origin, Trade Agreements, Antidumping/Countervailing Duty, Value, Broker Responsibilities, FP&F, Protests, Marking, Prohibited and Restricted Merchandise, Drawback, Intellectual Property Rights, and other subjects pertinent to a broker's duties.
There must be "adequate funding to ensure appropriate [CBP] staffing at U.S. ports of entry," a large group of transport and trade officials said in a Jan. 10 letter to Jeffrey Zients, acting director, Office of Management and Budget. It said CBP's role of protecting the country and facilitating legitimate trade and travel "is critical to the physical and economic security of the U.S.," but "staffing at U.S. ports of entry has failed to keep up with the increased demand of trade and travel."
Jan. 8 USA-ITA Seminar on Retailing in China, noon, PwC, 300 Madison Avenue, New York -- http://www.usaita.com/index.php?option=com_civicrm&task=civicrm/event/info&Itemid=141&reset=1&id=34
Jan. 8 USA-ITA Seminar on Retailing in China, noon, PwC, 300 Madison Avenue, New York -- http://www.usaita.com/index.php?option=com_civicrm&task=civicrm/event/info&Itemid=141&reset=1&id=34
The National Institute of Standards and Technology posts drafts and changes to foreign technical regulations for manufactured products that may be considered technical barriers to trade. Broker Power delays its publication of these postings for 2 - 3 weeks because there is often a delay until NIST makes the text of the regulations available.