Due to the escalating instability of diplomatic relationships between the United States and Iran and the pending risk of retaliatory action from Iran, we American River Group of Companies as your acting international freight forwarder, customs brokerage provider and international trade consultant would like to inform your company of elevated considerations that must be taken into account regarding international shipping during these uncertain times.
We advise advanced forecast planning to be considered as the above-mentioned conflict can have an immediate impact on shipping lanes that involve passage through Iranian controlled waters and regionally effected trade lane areas. Shipping lanes in the region could affect region nation shipping profiles such as but not limited to India, Pakistan, Saudi Arabia, and United Arab Emirates. Click alert button for more information!
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The World Academy and the American River Group of Companies is dedicated to the principles of “informed compliance and regulatory awareness” to our clients and international supply chain partners. In the spirit of compliance awareness, we would like to formally advise you that we have seen a dramatic rise in the enforcement activity of U.S. Customs and Border Protection in various areas of trade compliance. This rise in CBP enforcement is directly related to the passage of the Customs Trade Facilitation and Enforcement Act passed in March of this year.
The congressional authorization to CBP under this act includes elevated enforcement activity on areas that include but are not limited to;
Anti-dumping duty case investigation and additional duty implementation
Trademark violations and Intellectual Property Rights issues
Free Trade Agreement verification and process management
Social compliance management with foreign suppliers
Elevation of importer controls related to de Minimis level increase to $800 USD
C-TPAT inclusion of compliance into the global security initiative
Access to the New 301 Tariff Codes
On September 18, 2018 the USTR issued a press release on the finalization of tariff numbers for goods for List 3 of the Section 301 Sanctions. The additional tariffs of 10% will be effective September 24, 2018, with the rate increasing to 25% on January 2, 2019.
Knowing how to read HTS Codes regarding notes and classification is imperative.