U.S. Customs and Border Protection has issued a final rule that will amend its regulations, effective June 4, 2010, to reflect the closure of the Port of Los Angeles-Long Beach Drawback Center.
Drawback
A duty drawback is a refund by CBP of the duties, taxes, or fees paid on imported goods, which were imposed upon importation as prescribed in 19 U.S.C. 1313(d). More broadly, a drawback also includes the refund or remission of other excise taxes pursuant to other provisions of law.
The Treasury Department has published its spring 2010 semi-annual regulatory agenda for U.S. Customs and Border Protection.
The Department of Homeland Security has published its spring 2010 semi-annual regulatory agenda for U.S. Customs and Border Protection.
On April 8, 2010, U.S. Customs and Border Protection held a webinar that provided an update on Automated Commercial Environment and the International Trade Data System “Concept of Operations”.
Legislation to reauthorize U.S. Customs and Border Protection is expected to be a priority for the Senate Finance Committees in summer 2010.
U.S. Customs and Border Protection has issued its Performance and Accountability Report for Fiscal Year 2009 which includes information on CBP's material weaknesses and instances of nonconformance, its progress in achieving its strategic goals, certain budget information, etc.
During the February 25, 2010 Departmental Advisory Committee on Commercial Operations of U.S. Customs and Border Protection and Related Homeland Security Functions (COAC) meeting, a CBP official and COAC's Trade Facilitation Subcommittee provided an update on account management (also known as management by account and account based processing).
Canada's Department of Finance has issued a press release announcing measures in Canada's 2010 budget to eliminate all remaining tariffs on manufacturing inputs and machinery and equipment.
The Department of Homeland Security's Office of Inspector General has issued a report containing an independent audit conducted by KPMG LLP that addresses the strengths and weaknesses of U.S. Customs and Border Protection's fiscal year 2009 internal controls over financial reporting.
The Department of Homeland Security's Office of Inspector General has issued a report containing an independent audit conducted by KPMG LLP that addresses the strengths and weaknesses of U.S. Customs and Border Protection's fiscal year 2009 internal controls over financial reporting.