Month: October 2021

China’s Dual Circulation Policy

By: Bob Brewer, Braumiller Law Group

Almost two years now into the global pandemic and the world’s two most powerful economies are having to take a hard long look at their supply chain shortcomings, as well as becoming economically self-sufficient to a great extent. During the pandemic it became painfully obvious that the U.S. has become far too dependent on China for imports of many essential needs.

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HTS 9801.00.10

Updated Requirements to HTS 9801.00.10 – U.S. and Foreign Goods Returned

By: Jennifer Horvath, Partner

U.S. CBP recently released updated requirements for importers and brokers regarding HTS subheading 9801.00.10, U.S. and Foreign Goods Returned. Often called a “9801 Claim,” importers can generally use this special duty-free tariff provision when merchandise is exported from and returned to the United States, so long as it is not advanced in value/condition, regardless of country of origin.

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Continuing the Proposal for Customs Broker Continuing Education

By: Bruce Leeds, Senior of Counsel

On Oct. 28, 2020, U.S. Customs and Border Protection (CBP) published an Advance Notice of Proposed Rulemaking on continuing education for individually licensed customs brokers. After receiving comments and feedback from the trade, CBP published a Notice of Proposed Rulemaking (NPRM) on this proposal on Sept. 10, 2021.

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CBP August 2021 Operational Update

By: Brandon French, Associate

U.S. Customs and Border Protection (“CBP” or “Customs”) recently released its August 2021 operational statistics. These statistics are important for CBP to review monthly/yearly to better understand and ensure enforcement efforts continue to improve.

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Incoterms – Two Years Later

By Bonnie Kersch, Senior Trade Advisor, Braumiller Consulting Group

In September 2019, the International Chamber of Commerce released Incoterms 2020, heralded as a groundbreaking version of Incoterms that would bring great change to the supply chain community. Two years later, we look back on the changes that occurred and how they have affected us.

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Tariff Engineering

Tariff Engineering: Opportunities for Duty Mitigation

By: Mike Smiszek, Senior Trade Advisor, Braumiller Consulting Group

Tariffs are inherently controversial because of their financial consequences. An importer wants to pay as little duty as possible while Customs (CBP) wants to collect as much tariff revenue as possible. The one constant in this battle between industry and government is the Harmonized Tariff Schedule (HTS).

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Regulation for Decentralized Finance

Approaches to Regulation for Decentralized Finance

By: James Holbein, Of Counsel

Decentralized Finance (DeFi) is a term describing the assortment of different financial applications enabled by blockchain technology and cryptocurrency with the aim to decentralize financial services that are currently intermediated by financial institutions.

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