Customs and Trade News Weekly Snapshot
Here is a recap of the latest customs and international trade news:
Customs and Border Protection (CBP)
- CBP released the November 2024 monthly update. Highlights:
- Identified estimated duties of nearly $6.97 billion to be collected
- Stopped 669 shipments for further examination based on the suspected use of forced labor
- Seized 1,532 shipments that contained counterfeit goods
- CBP issued a ruling stating that food that was denied entry but can be reconditioned to meet FDA requirements isn’t prohibited merchandise, so it isn’t eligible for a refund if it’s exported or destroyed.
- CBP officers in Louisville seized four shipments containing 962 pieces of counterfeit designer watches, bracelets, necklaces, and earrings.
- CBP published updated draft Cargo Release CATAIR, draft Global Business Identifier Enrollment Create-Update, GBI Enrollment GO Status Notification, and GBI Condition Codes documents to its website.
Bureau of Industry and Security (BIS)
- BIS imposed a $180,000 mitigated penalty against Indium Corporation for 11 exports of electronics manufacturing components to […]
