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Duty Preference Programs -

Duty Preference Programs

TITA counsels clients on the use of duty preference programs such as DR-CAFTA (U.S., Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, and Nicaragua), NAFTA (U.S., Canada, and Mexico), U.S.-Colombia, and U.S.-Chile Free Trade Agreements. TITA also helps clients in recognizing how to qualify for the use of the Generalized System of Preferences (GSP). Under U.S. Customs law, all imported merchandise is subjected to customs duties, and it is rigorously the importer of records duty to use “reasonable care” in deciding whether a duty preference program is suitable. Importers are responsible to correctly advise U.S. Customs, upon entry into the U.S., whether goods qualify for duty-free treatment, and to keep detailed records to document the declaration is accurate. Penalties for non-compliance can be harsh. If you want to find the penalties for non-compliance then turning to 19 U.S.C. 1592 demonstrates that the penalties grow depending on whether the act is classified as negligence, gross negligence or fraud. Moreover, TITA advises clients on qualification for the use of duty preference programs, particularly during U.S. Customs requests for information, notices of action, and penalty proceedings.

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