[21 Nov 2011 | No Comment | ]
Channelling the flow – Import Quotas

Image Source
The importation of merchandise to the U.S. are at times, subject certain quantity control methods. These are termed Import quotas and are scheduled and established by the concerned official in the CBP or by a legislation directs the CBP to impose a quota.  However, most of them are left to the CBP’s discretion. The articles or goods that are subject to this quota is termed quota merchandise and is supervised by the CBP’s commissioner. These quotas are usually levied in two categories.
An absolute quota and a tariff rate quota. …

Read the full story »

Featured, Headline, Import »

[21 Nov 2011 | No Comment | ]
Channelling the flow – Import Quotas

Image Source
The importation of merchandise to the U.S. are at times, subject certain quantity control methods. These are termed Import quotas and are scheduled and established by the concerned official in the CBP or by a legislation directs the CBP to impose a quota.  However, most of them are left to the CBP’s discretion. The articles or goods that are subject to this quota is termed quota merchandise and is supervised by the CBP’s commissioner. These quotas are usually levied in two categories.
An absolute quota and a tariff rate quota. …

Featured, Headline, Import, Insurance »

[20 Nov 2011 | No Comment | ]
Freight Insurance Shouldn’t Give You A Fright

Freight insurance saves your investment on a bad day. The conditions and clauses should not be tough provided you have a brief understanding about how they work.

Duty, Featured, Headline, Import, Shipping »

[19 Nov 2011 | No Comment | ]
Conditional compensation – Jumping Over the Stumbling Blocks



Image Source
In importation, there are certain conditions that entitle the importer for a refund of money that was paid in form of duty, internal revenue tax and certain other forms of payments made during the customs transactions. The drawback is a provision which was established back in 1789 by the Continental congress. There are certain scenarios and conditions which enable the importer to claim for a drawback. In employing custom brokers one can be assured of being informed of this provision as the deep knowledge study of the import field enables …

Featured, Headline, Shipping »

[13 Nov 2011 | No Comment | ]
Invoice Issues – A Brief Insight

Creating Invoices can give rise to many questions and doubts. This is an article on the To-do’s involved in creating an invoice.

Featured, Headline, Import, Shipping »

[12 Nov 2011 | No Comment | ]
Handling Invoices With Care –The CBP Saga To Remember

Invoice management plays an important role in the world of CBP regulations. An insight into how smartly one could handle the trade invoices.