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Risk Mitigation-Import Compliance Program

Why Import Compliance Matters

  • Non-compliance with trade regulations leads to fines, penalties, and shipment delays.
  • Importers must answer key questions about their goods: What, Cost, and Origin.
  • The U.S. Customs Modernization Act shifts import compliance responsibility to importers, enhancing enforcement and penalties for non-compliance.

The Risks of Non-compliance

  • Penalties for poor record-keeping, improper classification, or false information can be severe.
  • By implementing our Import Compliance Program, you can ensure proper classification, origin designation, and valuation under trade laws, thereby avoiding costly penalties. Our program is designed to help prevent Customs inquiries and ensures accurate payment of duties and taxes, saving you time and resources.
  • The program helps prevent Customs inquiries and ensures accurate payment of duties and taxes.

Common Pitfalls to Compliance

  • Some companies resist change, relying on outdated practices.
  • Believing products are duty-free or exempt from compliance in specific regions is a costly misconception.
  • Rapid company growth can outpace compliance efforts, raising red flags.

Our Solution: The Three Pillars of Import Compliance

Pillar #1: The Compliance Team

- Develop a dedicated internal team spanning various company disciplines.

- Establish corporate policies, standards, and manuals for compliance.

- Provide ongoing training and stay updated on regulatory changes.

Pillar #2: The Compliance Manual

- Create a comprehensive and easy-to-understand compliance manual tailored to your operations.

- Document customs policies, import procedures, and internal controls.

Pillar #3: Internal Audits

- Implement routine audits to test the effectiveness of compliance procedures.

- Ensure findings are reported internally for corrective action.

Why Choose Us

  • Our import compliance program mitigates risks and ensures regulatory adherence.

  • We keep your business updated on regulatory changes and provide ongoing support.

  • Don’t wait until it’s too late. Invest in our import compliance program to protect your business and ensure success in global trade.

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