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Guide for Understanding the “First Sale Rule” As A Basis for Transaction Value

Guide for Understanding the “First Sale Rule” As A Basis for Transaction Value February 26, 2019

In numerous rulings, Customs Headquarters has set forth the following as the legal basis for the “First Sale Rule”. The preferred method of appraisement is transaction value, which is defined as the “price actually paid or payable for the merchandise when sold for exportation to the United States” plus certain statutory additions. Customs presumes that...

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A Real-world Case to Consider Marine Cargo Insurance: M/V Yantian Express

A Real-world Case to Consider Marine Cargo Insurance: M/V Yantian Express January 24, 2019

Our clients frequently ask us about the pros and cons of purchasing marine cargo insurance. It may be something you have debated yourself for your shipments. A recent event provides some real-world lessons that can help guide your decision. If you are in the international shipping business, you’ve probably heard about the fire on board...

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Joining the National Customs Brokers & Forwarders Association of America:  Why It Matters to You

Joining the National Customs Brokers & Forwarders Association of America: Why It Matters to You January 17, 2019

As an owner of a customs brokerage and freight forwarding firm, as well as being the President of the NYNJFFBA chapter, I’ve had a unique opportunity to witness the impact a national association can have on the things that matter most to me and to our company. Every day, the national organization speaks for me...

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Government Shutdown: How It Affects Your Import Business

Government Shutdown: How It Affects Your Import Business January 14, 2019

The current government shutdown has caused a number of changes that may affect the import industry, as it has affected many others. During this period of uncertainty, Customs and Border Protection officials are holding weekly update calls with leaders of the National Customs Brokers & Forwarders Association of America, Inc. (NCBFAA). While there are some...

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Join Us at The Industry Event of the Year: 2019 NY/NJ Brokers Association Dinner

Join Us at The Industry Event of the Year: 2019 NY/NJ Brokers Association Dinner January 4, 2019

I hope you will join me, our entire WB Skinner staff, and the many distinguished industry guests at the annual NY/NJ Foreign Freight Forwarders & Brokers Association on February 7th in New York City.  It is the largest event of its kind in our industry, with more than 700 attendees. I know you will want...

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U.S. and China Agreement Pauses Tariff Increase for 90 Days

U.S. and China Agreement Pauses Tariff Increase for 90 Days December 3, 2018

TRUCE IN U.S. – CHINA TARIFF WAR DELAYS THREATENED INCREASE TO 25% President Trump’s sideline meeting in Argentina with China President Xi Jinping has produced a tentative pause in the ongoing tariff war between the two countries. Although many details are not yet known, the U.S. announced it would hold off on higher tariff rates...

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CBP Issues Reminder to Be Aware of North Korea Trade Practices

CBP Issues Reminder to Be Aware of North Korea Trade Practices November 15, 2018

North Korea continues to evade U.S. sanctions through such tactics as sourcing the labor for its products to other countries.  Customs and Border Protection (CBP) has issued a reminder to importers to be aware of these tactics and avoid the risk of non-compliance under U.S. and United Nations sanctions authorities. In a memo issued this...

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New Rounds of Tariffs by U.S. and China Announced

New Rounds of Tariffs by U.S. and China Announced September 19, 2018

Within the last 24 hours, the U.S. and China slapped new tariffs on additional product categories, escalating the continuing trade war between the two nations. On Monday, Sept. 17, President Trump announced tariffs on $200 billion worth of goods from China, on top of the $50 billion already taxed earlier this year. The next wave...

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