CBP San Francisco to Focus on ISF-10 Enforcement

  eBond is the fastest customs bond filing system ever, and it’s about to be even faster and easier. The Road to eBond Customs bonds used to be issued on typewriters. Across the country entry writers for customs brokers would hammer out importer information onto green, pink, and yellow sheets of carbon paper, and these paper pages were delivered by messenger or mail to the CBP office at the local port. There the bonds waited for their Customs Control Number stamp and delivery back to the broker or agent. Then in the 2000’s, the bond filing process went digital. Processing […]

On March 27th, the CBSA held a Trade Chain Partner Working Group meeting and announced the following changes related to CARM’s Release 2 (“R2”), coming May 13, 2024: The minimum bond amount requirement will change from $25,000 to $5,000 for all importers with the implementation of R2. The maximum bond amount will remain capped at $10,000,000 per RM account. As a reminder, the bond amount will be calculated at 50% of the highest month of duties and taxes (including GST and all debts/accounts receivables) over the previous 12-month period. CBSA cannot keep up with the paper bond filings (we have […]

By: Lenny Feldman, Managing Partner at Sandler, Travis & Rosenberg, P.A. With the government’s continued emphasis on enforcement, it has become mission-critical for parties engaged in international trade to set their strategic offensive in place through programs such as “regulatory defense. “The administration continues to issue executive actions and regulations that increase trade enforcement by stepping up the collection of section 301, 232, and 201 tariffs as well as antidumping and countervailing duties and the prosecution of trade and customs laws violations, particularly in the de minimis space. Additionally, federal agencies have issued regulations and decisions underscoring the need for […]