Fees assessed on ocean cargo loaded or unloaded onto vessels at certain ports within the territory of the United States. In general, the fees are used to maintain the harbors and are assessed at the rate of 0.125 percent (.00125).
Materials or goods are interchangeable for commercial purposes and have essentially identical properties.
Free On Board – Sea and inland waterway transport only. FOB specifies which party (buyer or seller) pays for which shipment and loading costs, and/or where responsibility for the goods is transferred.
Issued by the World Customs Organization (WCO), the Explanatory Notes provide detailed information, chapter-by-chapter; heading-by-heading, of what is included in and excluded from various sections, chapters, and headings in the HTSUS. Explanatory Notes are not part of the legal system; however, they do represent the views of classification experts.
Documentation required by U.S. importers that allows United States Customs to determine if products are legal to import. US Customs collects duties and statistics, while the importer determines value, classifies goods and calculates duties, fees and taxes.
This service represents the presentation of U.S. Customs and Border Protection Form 7501 (entry summary) to U.S. Customs and Border Protection via ABI. The U.S. Customs and Border Protection Form 7501 is the final presentation to U.S. Customs and Border Protection and includes the payment of duties and other U.S. Customs and Border Protection related [...]
An Entry is the documentation required by U.S. Customs and Border Protection, and filed with the appropriate U.S. Customs and Border Protection officer and/or other government agency, to secure the release of imported merchandise from U.S. Customs and Border Protection custody, or the act of filing that documentation – “to make entry”.
Import duty refers to the tax an importer must pay to the US Government in order to bring foreign products into the commerce of the United States. Import duty can be calculated in a variety of ways, but most import duties are figured as a percentage of the declared value of the commodity. Import duty [...]
A licensed individual or firm engaged in processing goods through CBP on behalf of another party. Certain requirements, along with obtaining a passing grade on the written exam, are required to obtain a license.
Customs and Border Production also referred to as U.S. Customs, is one of the U.S. Department of Homeland Security’s largest and most complex components, with a priority mission of keeping terrorists and their weapons out of the U.S. CBP is also charged with regulating and facilitating international trade, collecting customs duty and enforcing hundreds of [...]
