The Internal Revenue Service on March 27 released new proposed regulations to “provide guidance” on superfund excise taxes on imported chemicals and substances that took effect July 1 of last year. Comments are due May 30.
FDA has issued its Enforcement Report for March 22, listing the status of recalls and field corrections for food, cosmetics, tobacco products, drugs, biologics and devices. The report covers both domestic and foreign firms.
CBP posted the following documents ahead of the March 29 Commercial Customs Operations Advisory Committee (COAC) meeting:
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FDA has issued its Enforcement Report for March 15, listing the status of recalls and field corrections for food, cosmetics, tobacco products, drugs, biologics and devices. The report covers both domestic and foreign firms.
Software developers voiced concerns March 16 over whether they can meet a tight April 10 deadline for new country of smelt and cast information on entry summaries for aluminum products (see 2303090060). Speaking on the agency’s bi-weekly ACE trade call, developers urged CBP to develop a “work around” in the event that trade systems aren’t ready on the effective date of the new requirement.
The U.S. is pushing for Taiwan to automate its customs process, create a single window for trade and reduce restrictions on e-commerce in talks on the U.S.-Taiwan Initiative on 21st Century Trade, according to U.S. negotiating proposals released by the Office of the U.S. Trade Representative March 16.
A new bill introduced in the Senate March 15 would dramatically increase penalties for fraud and gross negligence and create a new pathway for civil lawsuits against customs violators from companies, labor unions and trade associations that have been injured by customs fraud.
The promise of the International Trade Data System “has unfortunately not been matched by reality,” with duplicative and repetitive entry requirements for partner government agencies, including the National Marine Fisheries Service, the National Customs Brokers & Forwarders Association of America said in comments on NMFS implementation of ITDS submitted to the Office of Management and Budget.
International Trade Today is providing readers with the top stories from last week in case they were missed. All articles can be found by searching on the titles or by clicking on the hyperlinked reference number.