Your Broker Knows

Archive for the ‘Your Broker Knows’ Category

  • AMPS & The NAFTA Certificate of Origin

    AMPS & The NAFTA Certificate of Origin

    The Canada Border Services Agency AMPS (Administrative Monetary Penalty System) legislation enables the CBSA to levy monetary penalties for non-compliance of specified regulations ranging from $100.00 up to $25,000.00 per infraction. This legislation is designed to promote compliance from all sectors of the importing community within the various CBSA regulations. One of the major areas ...

  • CBP VS CBSA Valuation History

    Nov 14, 11 • Your Broker KnowsNo Comments
    CBP VS CBSA Valuation History

    The direct to market program for Non-Resident Importer’s (NRI) can be key if you have the sales volume. While this is an excellent way to take advantage of lower duty rates for importing directly from an offshore country,valuation for Customs declaration remains a critical component of your customs compliance. The United States and Canada differ ...

  • Is Your Company Trade Compliant?

    Nov 8, 11 • Your Broker KnowsNo Comments
    Is Your Company Trade Compliant?

    As the Importer of Record for transactions made with the Canada Border Services Agency, CBSA, it is extremely important that your company is aware of their obligations regarding compliance with Customs regulations. Of the myriad regulations that you face as an Importer, three very important regulations to be aware of are the “Administrative Monetary Penalty ...

  • NRI Program – Shipping to Canada Directly

    Nov 2, 11 • Your Broker Knows1 Comment
    NRI Program – Shipping to Canada Directly

    Previously, we introduced you (U.S. company) to the Non-Resident Importer (NRI) Program for exports to the Canadian market. In this segment, we’ll provide excellent reasons as to why shipping your overseas goods directly to Canada is the way to go. One of Canada’s passions is hockey, therefore, this is great market to sell hockey sticks. ...

  • Unexpected Costs When Importing into Canada

    Unexpected Costs When Importing into Canada

    After months of effort, you successfully establish a solid foreign source for a product line. You have met with the manufacturer and are confident with the company and their ability to produce a quality product that meets your criteria and time frame. You have determined packaging and labeling requirements, sought out a good freight forwarder ...