JAS USA COMPLIANCE

News & Insights from JAS Worldwide Compliance

JAS Forwarding (USA), Inc.

6165 Barfield Road
Atlanta GA, 30328
United States
Tel: +1 (770)688-1206
Fax: +1 (770)688-1229

Customs Brokers Lobby Change to U.S. Bankruptcy Law

October 2, 2019

The National Customs Brokers and Forwarders Association of America (NCBFAA) is stepping up its lobbying effort on Capitol Hill this month to change the way U.S. bankruptcy law is applied to customs brokers when importers become insolvent. Under the current law, a customs broker may be ordered by the bankruptcy trustee to give back any duty the importer paid to the broker to in turn pay CBP in a 90- day claw back period.  The broker is not able to recover the funds from CBP. With importers filing bankruptcy, this has a huge impact on customs brokers who are left holding the bag.  

“Some brokers are attuned to this because they have been affected by importer bankruptcy,” says Laurie Arnold, Regulatory Compliance Officer at JAS USA adding that it will require many industry voices to give the legislation traction.

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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.

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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!

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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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