Ascent Global Logistics Blog

Ascent__mount_icon-1.png

Miscellaneous Tariff Bill Portal Opening October 11

Posted by Ascent Global Logistics on Oct 9, 2019 9:54:15 AM

The current Miscellaneous Trade Bill (MTB) (H.R. 4318) is in place through December 31, 2020. However, the USITC is opening the new MTB Portal this Friday, October 11, 2019 to allow U.S. manufacturers and importers an opportunity to include products on the list for consideration over the next year.

Read More

Topics: Tariffs, International Trade Commission, International

Compliance Circular: October 2019

Posted by Ascent Global Logistics on Oct 8, 2019 12:46:32 PM

Section 321 Entries – Voluntary Pilot in Place

In the Tariff Act of 1930, U.S. Customs and Border Protection (CBP) authorized an exemption of duty and taxes under Section 321(a)(2)(C) for goods not over a designated value. Originally, that value was $200 - one $200 shipment per person per day, with minimal documentation required for entry. On February 24, 2016, the de minimis value was increased to $800 – one $800 shipment per person per day. This increase was part of the Trade Facilitation and Trade Enforcement Act of 2015 (TFTEA) and CBP implemented and met all TFTEA requirements by August of 2016.

Read More

Topics: Monthly Compliance Circular, International Trade, Compliance, International Trade Commission, International