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Customs Compliance: When Customs comes knocking, will you have the information they?re looking for?
Customs Compliance: When Customs comes knocking, will you have the information they're looking for?

Periodic Verification requires that importers be able to establish a comprehensive audit trail for their transactions.


Here are some of the areas of potential non-compliance that are commonly reviewed by Canada Customs and focus attention on the type of information that you will likely be required to provide if your company is targeted for a "periodic verification" audit by Revenue Canada.

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Customs Compliance: What you need to know about Customs Compliance
Customs Compliance: What you need to know about Customs Compliance

Whether you import or export, Buckland offers a number of professional advisory services that can reduce your costs and help to facilitate the movement of your goods from origin to destination.

 

From securing the lowest possible duty rate and optimizing your transaction values, to administering comprehensive compliance audits in order to meet the needs of Customs' new informed compliance policies, Buckland can provide the solutions to meet your individual compliance requirements.

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NAFTA 2000: Understanding your legal obligations
NAFTA 2000: Understanding your legal obligations

Importers and exporters must be aware of their obligations under Customs laws. Non-compliance is becoming costly.

 

The onus is on the importer and exporter involved in the commercial transaction to meet their legal responsibilities and act with "reasonable care" relative to their business transactions. Customs administrations in both Canada and the United States are taking action to penalize traders who fail to meet the standards of regulatory compliance that have been established in recent years.

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Customs Compliance: What is Customs looking for?
Customs Compliance: What is Customs looking for?

Tariff classification is coming under increasing scrutiny in Customs' efforts to ensure compliance by importers and exporters.


Does this sound familiar? Company ABC imports screws from the U.S. The vendor supplies a NAFTA Certificate of Origin on the screws. The invoice simply states "fasteners" as the description. A Buckland customs analyst accordingly calls the importer and begins asking questions such as: "What kind of fasteners? Are they screws, bolts, or pins? Threaded or non-threaded? Are the made of steel, plastic, or aluminum?" And so on. The importer wonders - "What's going on? The goods are duty free. So who really cares? ...What does it matter?"

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