Compliance Programs Can Help Minimize CBP Seizure Cost
U.S. companies can use their compliance programs to mitigate the impacts of updated CBP guidelines that will make it more expensive to secure goods seized for export violations, according to an Aug. 12 post by Sandler Travis. CBP recently issued…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
its updated mitigation guidelines for export control seizures, announcing it is eliminating the terms “technical violations” and “substantive violations” (see 1908050038). But CBP also introduced a new set of mitigating and aggravating factors related to export control seizures, and an effective compliance program can play an important role in minimizing the cost, the post said. “CBP may reference these guidelines when making such decisions,” the post said, adding that “export compliance programs and other factors can help lower that cost.”