6165 Barfield Road
Atlanta GA, 30328
United States
Tel: +1 (770)688-1206
Fax: +1 (770)688-1229
The Department of Justice, and Colorado United States Attorney’s office announced that a U.S company, and its Danish parent company, has paid settlement in the amount of $728,910 for failing to properly classify its imported products and declare their value, thereby failing to pay the full amount of customs duties owed to the United States on imported goods.
Under the Tariff Act of 1930, companies that import products into the United States are required to pay customs duties—typically calculated as a percentage of the value of the goods—on those products. Importers must classify their imported products according to the Harmonized Tariff Schedule of the United States (HTSUS), and they owe different rates of duty depending on which HTSUS category the product properly falls into. Importers are also required to properly declare the value of any goods they import, including products that have been exported, repaired abroad, and re-imported into the United States.
Click below to read more.
September was a busy month for JAS Forwarding (USA) Inc. Compliance team members.
Laurie Arnold and Leah Ellis attended the NCBFAA (National Customs Brokers and Forwarders Association of America) GAC (Government Affairs Conference). During the conference, Laurie and Leah "walked the hill" and met with numerous congress members to discuss industry issues.
Scott Cassell spent time with clients in Newark, NJ along with J. Nathan May, Regional Sales Director to facilitate training on the HTS GRI (Harmonized Tariff Schedule General Rules of Interpretation) and Incoterms 2020.
Our October spotlight of the month is Rishma Patel from our Atlanta branch, where Rishma has been with JAS since 1997. Rishma has been in the industry for 32 years. She is the CHB Manager and Licensed Customs Broker responsible for the JAS Atlanta/College Park location.
Rishma's favorite sports are cricket, volleyball, tennis and badminton. In her spare time, she enjoys painting, drawing and food carving.
Rishma's dedication is yet another example that People Make the Difference!
The USTR (US Trade Representative) announced that they are proposing to increase Section 301 tariff rates on five subheadings of the HTSUS covering certain products of tungsten, wafers, and polysilicon.
The public docket was opened to allow for comments. All comments should be submitted by October 22, 2024.
To read more, check out the link below:
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