We at C.A. Shea & Company, Inc. would like to take a brief moment to thank each and every one of you, our brokers, for your patience and cooperation during Superstorm Sandy. Our office was without power, phone and internet for nearly two weeks; however, despite these setbacks, by working from a remote location, C.A. … Read more
There has been a recent spike in the number of new supplemental duty bills issued to importers since the start of the new year. This is due in large part to the retroactive increase of the Merchandise Processing Fee (MPF) enacted by Congress under the Trade Adjustment Assistance Extension Act of 2011. It was signed … Read more
To further expand on the disadvantages of co-principals on a customs bond, unfortunately, when Customs issues a notice of penalty, liquidated damage, supplemental duty bill or other violation notice on a bond with multiple co-principal’s, there may be confusion as to which entity on the bond is liable for the claim. In certain instances as … Read more
Occasionally, companies express an interest in listing more than one entity on a bond. In these situations, Customs does allow separately incorporated entities to be listed on the same bond as co-principals as long as the entities each have the same distinct legal status, such as corporations, partnerships or sole proprietorships. It is important for a … Read more
CBP has announced effective January 9, 2013 it will be amending the guidelines for the acceptance of untimely petitions and mitigation of claims replacing the previous guidelines. After a liquidated damage claim is issued, an importer may file a petition for relief within 60 days to request the claim be lower based on mitigating circumstances … Read more
