Incentives and Benefits for IMMEX or Maquiladoras

Introduction IMMEX stands for Maquiladora, Manufacturing and Export Services Industry.  This is a program created by the Mexican government to attract and promote foreign investment. Generally, an IMMEX, or maquiladora, can temporarily import into Mexico goods that undergo a manufacturing, transforming, and/or repairing of the industrial process for subsequent export.  The Mexican government promotes and …

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Recent Developments in Personal Liability in International Trade Transactions

Over the past two years, two major developments occurred that further defined the extent the government can seek to impose personal liability on individuals engaged in international trade transactions absent a showing of actual fraud. The first was the U.S. Court of Appeals for the Federal Circuit decision in United States v. Trek Leather decided …

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Returned Goods – Challenges & Changes

I have sometimes joked about “Newton’s Law of Export-Import” that “whatever goes out comes back.” Often a company becomes an importer simply because they exported something and either the product (or part of the product), is returned to the U.S.  In fact, imports of returned goods to the U.S. are some of the most common …

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Voluntary Self-Disclosures

Voluntary Self-Disclosures – How to prepare an acceptable disclosure – Part I: Those few words, Voluntary Self-Disclosure, rate very high among the worst words a company’s legal and trade compliance department can hear. Trust me, I know from having worked with major corporations for over 25 years. There was always a bad feeling in my stomach …

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Related Party Valuation, Part 2

Customs Related party Valuation: What’s an Importer to do? In last month’s article, we looked at how an importer might use a Transfer Pricing Study, or an Advanced Pricing Agreement (APA), to validate the customs value for imports from related-parties under the Transaction Value method. Transaction value is defined as the “price actually paid or …

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