CBP Stops Undervalued Car From Being Exported
CBP officers at the Port of Wilmington, Delaware, seized a 2016 Range Rover that was being exported to Nigeria, due to undervaluation, the agency said in a news release. "Officers initially inspected the Range Rover October 29, which the New…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
Jersey exporter valued at $13,000," CBP said. "A fair assessment of the vehicle is about $55,000." False export declarations can result in civil penalties, forfeiture and/or criminal charges, CBP said. “Export examinations are a critical component of Customs and Border Protection’s trade enforcement and border security missions,” said Casey Durst, director of field operations for CBP’s Baltimore Field Office. “CBP officers remain committed to intercepting these nefarious practices that deliberately circumvent our nation’s laws for financial gain.”