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Why Trade Compliance and Logistics Must Work Together

Why must Trade Compliance and Logistics’ teams work together? Simply put, Trade Compliance primary function is supporting the compliant movement of tangible goods across international borders.  Trade Compliance professionals need to review how the team can move beyond being simply a back office data maintenance and audit function. International Trade [...]

The Cost of Not Having Proper Documentation

It happens everyday that companies do not use an automated system when shipping goods.  This happens most often when companies ship spare parts both inside and outside the US.  Without an automated system that keeps good track of things like the price, where the good was made and even your [...]

Crocs in Trouble

At iTRAC Global, we often explain to potential customers the high cost of failing to implement best practices for import and export compliance.  We often explain that not having a clear understanding of all of the laws, procedures and obligations involved in compliance can lead to confiscation of goods, heavy [...]

International Trade Compliance Gone Wrong: Gibson Guitars

When it comes to dealing with matters of international trade, there are often many bureaucratic hoops to jump through.  You have to determine country of origin, the most efficient delivery methods, tariff classification numbers, etc. In addition to the customs regulations like Harmonized Tariff Codes and such, there is also [...]

What is a Harmonized System Tariff?

A harmonized system tariff is a tariff that is categorized by the Harmonized System, also known as the Harmonized Commodity Description and Coding Systems. The Harmonized system (HS) is utilized in around 200 countries in their harmonized tariff schedules and has categories for more than 5,000 commodities. The HS is [...]

International Trade Compliance Gone Wrong: Tablets

One of the more challenging aspects for any company is trying to understand the import/export requirements from a government.  And that is not just about harmonized tariff codes or expert control numbers; it is also about Federal FCC and FDA restrictions on goods. One of the best examples of this [...]

What is Tariff Classification?

When importing and exporting commodities in international trade, tariff classification involves putting each and every item to be shipped into categories.  In the United States, commodities that are imported receive their classification number utilizing the harmonized tariff schedule (HTS).  Other countries use their own classification system for tariffs. The department [...]

CBP Enforcement & Penalties

When engaging in global trade, you are almost always going to have to have some sort of interaction with the CBP.  The United States Customs and Border Protection was established in 2003 as a subset of the US Department of Homeland Security.  It is the largest agency of law enforcement [...]

What is Import/Export Compliance?

As a seller or buyer of commodities in 2013, being able to connect with customers in other countries is imperative to being able to continue to expand business.  Exporting and importing goods can bring great growth for your company, however, the process of going about this is not simple or [...]

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