Importing and Exporting Documents – How to save $5,000 on your next importation
Shipments which do not comply with Importer Security Filing requirements are subject to a $5,000 penalty per occurrence.
CBP has allowed a one-year period of “Flexible Enforcement” and thru informed compliance to smooth the learning curve for importers and carriers adapt to the new 10+2 regulations without the threat of fines.
To prepare for any potential fines, we strongly suggest that first consul your custom broker or logistics service provider and consider implementing procedures that specifically address the ISF requirements. There are several ways to accomplished these requirement but your must make sure that it is address properly, taking into account the culture of your company. Finally monitor compliance with ISF requirements.
