Authored by: Vijendra Kargudri Background of AES Filing Today’s global trade is wrought with regular trade tariffs, embargoes, sanctions, penalties, and more by the US. Under such conditions, a US exporter faces constant challenge while trading with any foreign business. Hence, to be compliant, every US exporter ought to follow the Automated Export System (AES). … Continue reading “The importance of AES Filing for export shipment”
As an importer, both Bonded Warehouses and Foreign Trade Zones can be financially beneficial when thinking about storage and warehouse distribution. But how do you know which to use and in which circumstances? Let’s take a closer look. Bonded Warehouse Definition A secure building or area (Customs Warehouse) in which dutiable goods can be stored, manipulated, … Continue reading “Bonded Warehouse vs. Foreign Trade Zones (FTZ)”
There are two popular models for filing your imports: self file or filing with a customs broker. Import Self filing is where the importer is responsible for contacting Customs directly and filing all the required documentation to enable the goods to cross the border into free circulation. Broker filing relies on a licensed Customs Brokerage … Continue reading “Imports: Self Filing vs. Customs Broker”
DSP-5 Scenario based on real events Your company has been working for months, maybe even years to cultivate a contract to manufacture your company’s first satellite for a Singapore Cellular Provider. It’s a $10,000,000 contract and your manufacturing team has just completed the final product. Months ago, you were given a forecast of when the … Continue reading “What you need to know about DSP-5”
