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QuestaWeb

Multi-National Trade Solutions

 908-233-2300

Archives for May 2016

Importers and the Trade Reconciliation and Trade Enforcement Act of 2015

May 31, 2016

West side view of the United States Capitol against a blue sky.

by Felix Pekar

On February 24, 2016, the Trade Reconciliation and Trade Enforcement Act of 2015 (TRTEA) became law. TRTEA addresses many areas of interest to importers. Some of the more important provisions include stronger prohibitions against dumping goods to evade duties, expanded rules allowing substitution drawback of duties, and a longer time period in which to file drawback claims. Other key aspects address intellectual property and enforcement of Antidumping and Countervailing Duties.

Importers will see major changes to U.S. Customs and Border Protection’s (CBP’s) duty drawback program, hopefully making it more profitable for many companies. Beyond removing some of the complexities and burdensome requirements, TRTEA will allow matching of imports of one product with exports of the “same kind and quality” product, rather than requiring use of the same 8-digit Harmonized Tariff Schedule (HTS) subheading. TRTEA also will extend the time period during which import and export of the matched products occurred to 5 years.

Notably, TRTEA does not address the North American Free Trade Agreement (NAFTA) drawback rule commonly known as the “lesser of the two.” So, importers of goods from Canada and Mexico are largely unaffected, as many, but not all, goods manufactured in Canada and Mexico are already eligible for duty-free treatment or reduced duty rates under NAFTA. Here, importers provide CBP a Certificate of Origin and/or display a country of origin marking on the goods. Thus, the “lesser of the two” rule is not usually a major factor at play in import duty drawbacks.

Phase-in of the new drawback rules will occur over a two-year period due partially to the need for new CBP regulations to implement TRTEA. Claims can be filed under the new rules starting in February 2018. To take full advantage of the matching rule and the retroactive provision, importers that regularly claim drawbacks should start evaluating what products coincide best with the new schema now. Remember, starting in 2018, goods imported as far back as 2013 will be eligible for the substitution method.

In what can be considered good news for U.S. consumers and importers, TRTEA also increases the duty-free threshold from $200 to $800 and simplifies recordkeeping.

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Filed Under: General, Importers, Trade News

LOOK TO AN EXPERT FOR YOUR ACE AND ABI NEEDS

May 19, 2016

ACE Image

by Wayne Slossberg

Compliance is everything today. It is the difference between moving your products from factory to consumer seamlessly and cost effectively and having them stalled somewhere along the supply chain.

But compliance means more than just adhering to the myriad government regulations governing importing and exporting. Companies today also must adhere to new methodologies for complying with these regulations. Specifically, they must use the Automated Commercial Environment (ACE), a system for electronically reporting imports and exports and obtaining government admissibility decisions.

On its website, the U.S. Customs and Border Protection (CBP) posts a list of Automated Broker Interface (ABI) Software Vendors and the approvals each firm holds. There are nine categories, including four pertaining to ACE, plus the distinction of a firm being a service bureau. In order to be approved for various levels of ABI operations, a firm must successfully complete a period of intensive testing and qualification for each level. The levels are

  1. ACS Entry
  2. ACE Entry Summary
  3. ACE Cargo Release
  4. In-bond
  5. Document Image System
  6. Drawback
  7. Protest
  8. Foreign Trade Zone
  9. Importer Security Filing
  10. Service Bureau

Notably, QuestaWeb is one of only a few software vendors qualified in all nine categories, including the four ACE categories (#2-#5), and serving as a service bureau.

This distinction comes as no surprise to the people who know QuestaWeb and its technology. The firm is a leader among software providers, especially when it comes to automated environments. QuestaWeb was one of the first companies certified by CBP for electronic connectivity initiatives, and QuestaWeb was the first vendor to obtain ACE ABI certification. QuestaWeb works closely with CBP on its trade-related initiatives, participating in the Simplified Entry Processing work group and the ACE pilot program, among others.

Why does this matter?

Your trade operations are too important to trust to just any software vendor. Compliance is critical, not just with trade regulations but with filings using ACE. Experience matters and so, too, does leadership. Since 2002, QuestaWeb has been a key player in electronic connectivity initiatives, undergoing rigorous technology testing and contributing to the shape of things to come by sharing our experience-borne expertise in working groups and pilot programs.

That is why major importers, exporters, foreign trade zone operators, brokers and forwarder trust QuestaWeb technology. They know it has passed all the tests and is up to date with current requirements. Even more important, because of QuestaWeb’s involvement in helping to shape ACE, they know QuestaWeb will be ahead of the curve in adopting new requirements.

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Filed Under: ACE, Brokers, GTM Solutions, Importers

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QuestaWeb

  (908) 233-2300

  info@questaweb.com

  60 Walnut Avenue,
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  Clark, NJ 07066