In 2016, CBP published approximately 4,000 prospective rulings and revoked or modified more than 80 others. These rulings addressed topics such as issues classification, country of origin, marking and preferential treatment, valuation, drawback, exclusion order enforcement, liquidation, and more.
Failure to inform CBP of any substantially identical transactions by your business related to these rulings may raise issues of reasonable care on the part of the importer or its agents. The 2016 CBP Rulings and Revocations Summary provides a list of CBP’s 2016 rulings and legal decisions covered by International Trade Today to help you make business decisions based on how your goods will be treated upon importation.
International Trade Today’s 2016 CBP Rulings and Revocations Summary details notable rulings in the areas of:
- Related party transactions
- The first sale rule
- Whether certain banking transactions are “customs business”
- New requirements for U.S. goods returned duty-free
In addition, Part Two provides a listing of rulings revoked or modified in 2016. Order your complimentary copy of International Trade Today’s 2016 CBP Rulings and Revocations Summary today to ensure you remain in compliance.
To order your complimentary copy of the 2016 CBP Rulings and Revocations Summary Guide today, fill out the form below or contact your account representative at +1-800-771-9202.