Richard Mojica Quoted Regarding Customs Reauthorization Bill in Inbound Logistics

Inbound Logistics

Richard Mojica was quoted regarding the Trade Facilitation and Trade Enforcement Act of 2015, also known as the Customs Reauthorization Bill, which was signed into law in February 2016. The law "is expected to change the landscape over the next few years," Mojica said, adding that the "act advances the [U.S. Customs and Border Protection's] twin goals of trade facilitation and trade enforcement." The act simplifies and expands duty drawback, expands the timeline within which companies can make claims and provides clarity to the types of goods that qualify for duty drawback. "If shippers use these programs to their advantage, they can lower the landed cost of merchandise brought into the United States," he said.

The act also streamlines the investigative procedures used in anti-dumping and countervailing duties cases while expanding penalties. "Customs is sending a message: 'If you don't play by the rules, we're hiking enforcement,'" Mojica said, adding that while specific timelines for implementation are yet to come, Customs likely will roll out the provisions over the next few years.

Related Files
Related Links