Six-Month Grace Period for Compliance with New [U.S.] Foreign Trade Regulations

April 10, 2014

The [U.S.] Census Bureau is giving the trade community six months to come into compliance with the revised Foreign Trade Regulations that took effect on April 5. Both Census and U.S. Customs and Border Protection have agreed to a 180-day informed compliance period during which they will educate the trade on the new requirements contained in the March 2013 final rule.

As a result, through Oct. 2 no penalties will be issued for failure to comply with any new requirements found in the March 2013 rule...

For a list of FTR revisions, please refer to the Sandler, Travis & Rosenberg article at: http://www.strtrade.com/news-publications-foreign-trade-regulations-informed-compliance-040714.html


Topic(s): 
World Economy & Politics
Information Source: 
International News Channel / U.S. Customs and Border Protection (CBP)
Document Type: 
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