Recently, a company in the US was made to pay millions of dollars due to the incorrect classification of their goods. This week's blog discusses the sordid details of this case study and offers a cautionary tale for importers of all sizes looking to avoid costly legal repercussions.Learn More
For those who don’t know what ‘classification of goods’ at Customs is, it is the declaration, in precise detail, of the exact nature of an import. It is a process that uses a sophisticated system referred to as the ‘Harmonized Commodity Description and Coding System” or the HS Code.
Before we begin with this week’s blog post, there are a few questions you should answer: Are you a commercial importer importing into Canada or the US? Do some or all of your imports fall under one of the following categories? They are imported and then later exported as-is.
It’s a new year filled with opportunities for those ready to seize them. The calendar of 2024 trade education courses is up at the PCB Learning Center, so if you have been waiting for the chance to level up your international trade game, this is opportunity knocking. Whether you are a long-time importer looking to brush up on the fundamentals or a brand-new business hoping to get started on the right foot, we have the track record and industry leaders to keep your skills sharp in the ever-changing world of international trade.
Each year around this time, consumers ship gifts to clients, friends and family. If these gifts are crossing into the US from a foreign country, there are a few things you should know.
If you are already a business professional who knows what a USMCA or CUSMA Certificate of Origin is, what its benefits are, and
In today's compliance driven world, where US Customs is enforcing rules more than ever and issuing penalties, importers are left wondering how...
Merchandise Processing Fee (MPF) | So you have just cleared your first shipment into the U.S. and the prospects for increasing exports to the U.S. are high; your business plan is coming together.
You have made your sale, shipped the goods to your US buyer, and the shipment is on its way to the border. Then, without warning, the goods are stopped at the port of entry, and the customs broker requests an IRS number. At this point, you are likely wondering what an IRS number is and why it is needed. To help you understand, let's dive into this scenario a little deeper.
Craft beer, wine, distilled spirits, cider, whiskey, malt beverages
Phones, computers, circuit assemblies, monitors, power units
Medical devices, bandages, masks, wheelchairs, ventilators and other related items
Wood furniture, wood products, manufactured wood products, tables, beds, or wardrobes
Fresh produce items such as bananas, kiwis, grapes and mangoes etc.Learn More