Mexico’s growing cross-border e-commerce market (logisticsti.com)

The Mexican Internet Association estimates 80% of  Mexican online shoppers purchase internationally - 40% 0f which came from the US 

file (doc.gov)

This Pennsylvania electronics company exported wires, clamps, wires, pressure scanners, temperature scanners and circuit board connectors. You must Know Your Customer and know your products if you plan to export.  The assessed penalty is $5.8Million payable in 30 days. 

Customs Broker License Exam (CBLE) | U.S. Customs and Border Protection (cbp.gov)

CBLE Registration Information | U.S. Customs and Border Protection (cbp.gov)

Registration for this exam runs from August 12 through September 11 at 4:30PM ET  If you plan to take the exam be sure to register early. 

33-11295-fact-sheet.pdf (sec.gov)

The SEC is proposing joint data standards for certain financial filings  It proposes using LEI as the standard.    Department of Treasury and FDIC are expected to join this. standard CBP has also considered LEI as a possible GBI.   Will/ Should it become the whole of government standard? 

Huge shipping company files Chapter 11 bankruptcy to liquidate (msn.com)

DRF is an ecommerce shipping provider  It has filed Chapter 11  to liquidate its business.  Its services included delivery, returns and cross-border shipments.

Washington, DC--

U.S. Senator Ron Wyden, Chair of the U.S. Senate Finance Committee released a bill, the "Fighting Illicit Goods, Helping Trustworthy Importers, and Netting Gains for America Act of 2024" (FIGHTING for America Act of 2024) which makes changes to 19 U.S.C. section 1321 (de minimis shipments). He is joined by Senators Lummis, Brown, Collins and Casey on the bill.  

Senator Wyden's bill is designed to be an alternative to the "End China's De Minimis Abuse Act" (H.R. 7979) which passed the House of Representatives.

Recognizing the increase in low-value shipments entered as de minimis shipments since COVID-19, the bill restricts the types of articles (e.g, import-sensitive goods, items subject to ADD/CVD, subject to special tariff investigations under section 201, 301 and 301).  The bill also requires additional information and data (e.g., 10-digit HTSUS, country of origin), increases penalties for violations, and charges $2 per shipment fee.

• One-page overview
• Section-by-section outline
• Bill text

EMTC has drafted a redline of the 19 U.S.C. section 1321 showing the changes that the bill makes to the current law as part of EMTC's analysis of the bill.  Companies seeking EMTC's analysis should join EMTC as a member.

South Africa VAT on B2C low value goods imports Sept 2024 - vatcalc.com

The VAT on imports below 500 rand  (USD27)will be implemented on 1 September 2024 in addition to 20% duty

On August 8 2024 5pm EST Pitney Bowes announced the wind-down of the it's Global Ecommerce business.  Global Ecommerce was losing PB $136M per year. The ecommerce business will be restructured under Chapter 11

Turkey bumps customs tax, reduces limit for e-commerce purchases (duvarenglish.com)

Entry Type 86 Guidance Fact Sheet_0.pdf (cbp.gov)

The broker is the importer of record on a Type 86 entry