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Posts Tagged ‘administrative monetary penalty system’

  • 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 ...

  • AMPS – How Would This Affect Your Bottom Line?

    Sep 20, 11 • Your Broker KnowsNo Comments
    AMPS – How Would This Affect Your Bottom Line?

    What does AMPS mean to you? If you are importer and exporter of goods into Canada, it’s in your best interest to know what AMPS are.   Administrative Monetary Penalty System(AMPS) are monetary penalties issued by Canada Border Services Agency (CBSA) to ensure customs compliance. Both imports and exports of goods are subject to AMPS. ...

  • How Can AMPS Affect You?

    Sep 28, 10 • Your Broker KnowsNo Comments
    How Can AMPS Affect You?

    An Administrative Monetary Penalty System (AMPS) fine can be issued to anyone involved in the cross border movement of commodities who contravenes the rules and regulations found in the Customs Tariff and the Customs Act including importers, exporters, brokers, warehouse and duty free shop operators, carriers, freight forwarders or representatives thereof. This means that almost ...

  • AMPS is a Tool

    Sep 2, 10 • Your Broker KnowsNo Comments
    AMPS is a Tool

    Administrative Monetary Penalty System (AMPS) was introduced by Canada Border Services Agency (CBSA) in 2002, a tool used to enforce compliance. AMPS authorizes the CBSA to assess monetary penalties for non-compliance with Customs legislative, regulatory and program requirements. Canada Border Services Agency may impose monetary penalties based on the type, frequency, and severity of the ...