Tuesday, February 9, 2010

10 + 2 = ???

New Customs regulations add up to one more reason to have an expert on your team

If you’re bringing goods into the country from overseas, you have new hoops to jump through.

They’re not brand new. The U.S. Customs and Border Protection’s (CBP’s) 10+2 plan initially was put in place January 26, 2009, and now, after a year, has become mandatory and in “full effect.” CBP has announced they intend to tighten enforcement and move toward imposing holds and exams of shipments, fines and liquidated damages for violations.

In an attempt to lessen the threat of contraband being smuggled into the country in freight shipments, CBP is requiring importers to submit Importer Security Filing (ISF) documents prior to the shipment arriving at a U.S. port. The “10+2” refers to the 10 data fields required from the shipper, including country of origin, and name and address of buyer and seller, or owner, plus two additional fields to be supplied by the shipper.

CBP will phase in enforcement, and will not impose liquidated damages in the first or second quarter of the year. Remember, though, if your shipment lacks ISF data, it is considered a “high-risk shipment” and is more likely to be held and examined by CBP.

With fines as high as $5,000 per shipment for non-compliance, getting it wrong can get expensive. Having your goods impounded and tangled up in red tape could cost you much more. The 10+2 rules add up to one more reason to make sure you have a logistics expert on your team.


No comments: