U.S. imports and exports are subject to classification. In both cases, federal regulations clearly state who is ultimately responsible. Any company involved in imports or exports should know this. Not knowing responsible parties can lead to improper classifications capable of stirring up trouble with Customs or the Census Bureau. If you want to read…
Read MoreIt goes without saying that the people who make your company work believe they are extremely knowledgeable about your company’s products. But are they really? How much do employees know about key products, especially in terms of imports and exports? It’s true that not everyone needs to know the ins and outs of product…
Read MoreCompanies involved in imports and exports must know how to classify products. In essence, classification determines the federal regulations that apply to a given type of product. This suggests that expertise is essential to compliance. We offer import and export classification services to companies lacking that expertise. Our process utilizes the latest best practices…
Read MoreTop 3 Things to Know About HTS Import Codes Every organization whose operations include the importation of foreign goods is subject to import classification. In other words, goods coming into the country have to be properly classified for both regulatory and tax purposes. Classifications are covered under the Harmonized Tariff System. Therefore, classification codes…
Read MoreThe UK made history in 2016 when voters approved a referendum directing the government to withdraw from the European Union (EU). At the end of 2020, after more than three years of often contentious negotiations, Brexit was finally completed. Now, in a post Brexit world, global trade is impacted. There wasn’t much good news to…
Read MoreWith all the trade compliance issues that global organizations have to worry about, it is sometimes a wonder that business ever gets done. Moreover, certain types of businesses are subject to more stringent regulations. Take the International Traffic in Arms Regulations (ITAR). If they affect your company, they can easily complicate your business. ITAR is…
Read MoreIntroduction The United States government has strong oversight of the country’s defense-related deals, ensuring the military equipment exported doesn’t fall into the wrong hands. The government has tightened its policies regarding the export of defense-related weaponry in the recent past by introducing a stricter set of rules we know as International Traffic in Arms Regulations…
Read MoreVigilant’s Trade Compliance Program Optimization Solution It’s no secret that global operations are facing a potentially harmful chain reaction as a result of COVID-19, also known as the Coronavirus. As more cases are reported across the world, employers are re-evaluating their in-office work policies, bandwidth and in-house expertise to maintain compliance while keeping up with increasing…
Read MoreUSMCA: Update Alert – Canada Ratifies Much to everyone’s surprise, the Canadian House of Commons ratified USMCA last Friday (3/13/20). While this is a key step forward, all three countries must now work to prepare uniform regulations before implementation. Previous reports detailed that President Trump had hopes of implementing USMCA on June 1, 2020, however…
Read MoreUSMCA: Are You Prepared? Where are we? We are all aware of the impending change from NAFTA to USMCA, but where does it stand today? As of today, both Mexico and the United States have signed the agreement, but it is pending approval of the Canadian Parliament. In October 2019, the Canadian Liberal Party lost its…
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