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CBSA Gives Grace Period for Timely Accounting for Imports

The Canada Border Services Agency will allow a new grace period “to submit accounting declarations for imported goods released on minimum documentation,” the CBSA said in a notice. Due to the COVID-19 pandemic “the CBSA has decided to provide for…

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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.

a 45 business days grace period for late accounting penalties,” it said. “Clients will not have to submit an application to have late accounting penalties waived. This applies to transactions released from March 11, 2020, to May 14, 2020, inclusively.”