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New Mandatory Data Security Filing Requirements to be Implemented Soon "The 10+2 Rule"

Background

The SAFE Ports Act of 2006 directed U.S. Customs and Border Protection ("CBP") to gather additional data elements before goods are shipped to the U.S. to enable CBP to better evaluate the security risk of incoming shipments. After consulting with the trade, CBP issued proposed regulations entitled "Importer Security Filing and Additional Carrier Requirements" in which they outlined a program which requires the submission of additional data elements at least 24 hours before the goods are laden on board an ocean vessel.

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Speaking In Modena, Italy on “First Sale Duty Savings for Italian Fashion Companies”

Peter Klestadt will be speaking on “First Sale Duty Savings for Italian Fashion Companies” at a conference entitled “Focus Moda: “USA and China” which is being held in Modena, Italy on October 23, 2012. For more information…Click Here

   

Customs Announces The Broker Self-Assessment (Bsa) Pilot Program

CBP is initiating a new initiative called the Broker Self-Assessment (BSA) Outreach Pilot (BSA Pilot)~ The BSA Pilot is a voluntary program and is intended to be a partnership between U.S. Customs and Border Protection (CBP) and participating customs brokers. The BSA Pilot will allow participating customs brokers to assess their own compliance with statutory and regulatory requirements and provide recognition and support to participating brokers. Under the program test, participating customs brokers will demonstrate their internal controls, perform periodic testing of internal controls, and disclose to CBP deficiencies discovered through testing. The BSA program will utilize many of the self-assessment principles of the ISA program. Like the ISA program, CBP believes that the BSA program will facilitate legitimate trade so that CBP can focus its efforts on higher-risk trade enforcement issues.

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Italian Trade Mission

Frank J. Desiderio will be speaking on Customs and Trade matters as well as FDA compliance under Food Safety Modernization Act at seminars organized by the Italian Trade Commission in conjunction with Regional and Municipal Chambers of Commerce in Italy.

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U.S. - China "Knit-To-Shape" Quota Exemption

The recently concluded U.S. – China textile agreement provides that certain knit-to-shape garments classifiable within quota categories 338/339 and 638/639 are exempt from quota. The quota exempt items are described as follows:

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