Your Broker Knows Blog

Why Can't I File Drawback On All Duties, Taxes, And Fees?
Misty Gibbins

Duty drawback is a basic principle of US international trade law. Simply put, the process of drawback allows 99% of import taxes or duties, along with other taxes and fees paid on imported merchandise, to be refunded upon the exportation of those items subject to drawback provisions under the law. This refund is available to you even if another party did the importing. More than $600 million is recovered annually through the US duty drawback program, and companies are reportedly paying 20% of those refunds to service providers to help them get refunds from US Customs and Border Protection (CBP), the agency which administers the program. CBP believes that up to 85% of potential refunds go unclaimed each year.

February 22, 2022
How CBP Keeps A Close Eye On Relationships Within The Customs Transaction
Breanna Leininger

This week, we thought we would explore a little-known US Customs and Border Protection (CBP) regulation on relationships: what is the relationship between the Importer of Record and the international seller? In other words, are they Related Parties?

February 15, 2022
Proposed Changes To De Minimis, Antidumping, Countervailing, Softwood Lumber And Seafood Imports
Breanna Leininger

Sweeping legislation is rapidly coming together and is projected to have a historic impact across the US supply chain. Outlined in the America Competes Act of 2022 (H.R. 4521), there are some notable impacts on trade. The Bill, currently moving through the House of Representatives, addresses many areas of import, but most notably with De minimis, Anti-Dumping and Countervailing Duties and imports of seafood and softwood lumber. It is expected that the legislation laid out in the Bill will undergo changes, however below are key points as they are currently represented.

February 3, 2022
3 Conditions Of Use For US T&E Bonds
Breanna Leininger

Do you need to route your shipments through the US to keep them moving? There are various reasons that a ground carrier may need to take this action including road closures, dimensional or weight restrictions. Whatever the reason may be, here are a few conditions of use for US Transportation and Exportation (T&E) Bonds that may help you determine if routing your load through the US is a feasible option.

November 18, 2021
5 Tips To Save On Import Costs
Jan Brock

It’s not often that a service provider will tell you how not to pay as much for their services, but when they do, we all sit up a little straighter and pay attention. Such is the topic of today’s blog on how to reduce your import costs with these 5 tips.

November 16, 2021
Dos And Don'ts Of Section 301
Misty Gibbins

Section 301 of the Trade Act of 1974 allows the US Trade Representative (USTR) to investigate and increase tariffs or impose trade sanctions on countries whose trade practices are deemed discriminatory to US commerce. It reaches beyond the General Agreement on Tariffs and Trade (GATT), to give the US authority to penalize importers of foreign goods. This legislation allows the US to enforce their rights under bilateral or multilateral trade agreements.

October 28, 2021
Import Detentions and Seizures: What You Need to Know to Avoid Heartbreaking and Expensive Problems
Breanna Leininger

When US Customs and Border Protection (CBP) concludes that an examination of imported goods for trade compliance is in order, the

October 7, 2021
Lacey Act Phase 6 In Force October 2021
Misty Gibbins

If you import, export, transport, sell, receive or acquire goods made up of plant or wood products grown or manufactured outside of the US, then you are likely following the implementation of the Lacey Act. Currently, the Lacey Act implementation is in Phase 5, but will enter Phase 6 on October 1st, of this year. Keep reading to understand what this means to your business and the additional steps you will need to take.

August 31, 2021
Understanding Trade Deficits and Surpluses
Jan Brock

Canada and other countries are constantly negotiating and renegotiating trade deals to gain economic advantage in the global economy. A basic understanding of some of the terminology surrounding trade can benefit our understanding of some of the trade deals in the news today.

August 26, 2021
Increased Enforcement On “Made In USA” Claims
Breanna Leininger

We have all seen the “Made in USA” stamp or label affixed to goods purchased around the world. Although the label is intended to be used to identify goods as meeting the Rule of Origin, it has also morphed into a mark of quality goods resulting in its use for sales purposes. We feel good about purchasing these goods because they are helping our economy and employing our residents. However, in recent months the Federal Trade Commission has ascertained that there is “rampant fraud” in the use of these labels and state that “violators essentially faced no consequences.” This has sparked impending rules on such claims with steep penalties for those who use them fraudulently.

August 12, 2021