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Panelists Urge Auditing Customs Brokers to Prevent Costly Mistakes
November 3, 2025 |Top News

While importers may explore tariff mitigation strategies such as duty drawback, bonded warehouses, foreign-trade zones and free trade agreement eligibility, ensuring proper tariff classification should be the first and top priority, because potentially thousands of dollars in the underpayment -- or overpayment -- of duties is at stake if a good is classified incorrectly, speakers said during a panel at last week's International Compliance Professionals Association conference in Texas.

Topics:Customs duty, Drawback
CBP Developing ACE Tool to Report 232 Value Content, Non-US Content for IEEPA Imports
October 24, 2025 |Customs

CBP will add a new ACE Entry Summary record for reporting either the value content for aluminum, steel and copper imports or the non-U.S. content for imports subject to the duties levied under the International Emergency Economic Powers Act, according to CBP's Development and Deployment Schedule for October. The agency began working on this enhancement this month, according to the schedule, which was announced via an Oct. 23 cargo systems message.

Topics:Customs duty, Drawback