IMPORT COMPLIANCE FAQs What are Free Trade Agreements? As the name suggests, a free trade agreement is an agreement between two or more countries that creates a free trade zone. A free trade zone involves loosening international trade restrictions...
IMPORT COMPLIANCE FAQs What is a Customs Duty? Customs duties are charges levied on goods when they cross international borders. Customs duties are charged by special authorities and bodies created by local governments and are meant to protect local...
IMPORT COMPLIANCE FAQs What is an HTS Code? HTS (Harmonized Tariff Schedule) Codes are a system for classifying products and goods being imported into the United States. They are administered by the U.S. International Trade Commission (ITC), and are...
IMPORT COMPLIANCE FAQs What is Landed Cost? Landed cost is the total cost that must be paid for a good or item being imported into the country. It includes the cost of shipping, as well as compliance-related costs such as duties, taxes, and fees...
IMPORT COMPLIANCE FAQs What is Import Compliance? It is up to the importer of record to ensure they are accurately classifying their products, proactively applying for licenses, and correctly calculating duties. Each country, and even some regional...
Known for its specialized extreme environment engineering, Meggitt PLC is a world leader in aerospace, defence, and energy. Headquartered in the United Kingdom, Meggitt operates in North America, Europe, and Asia and employs more than 9,000 people at...
American companies and other organizations with business interests in the U.S. have recently had to scramble to comply with Washington’s new Military End Use (MEU) law last December and, more recently, the Military Intelligence End User (MIEU) rules...