Tag Archives: countervailing

ILN Today Post

InsightsCBP Announces New Rule to Combat Anti-Dumping and Countervailing Duty Infractions

On August 14, 2019, the U.S. Customs and Border Patrol (“CBP”) issued a notice of proposed rulemaking requiring customs brokers to verify the identity of their importer clients, in particular non-resident importers.[1]

CBP stated that the purpose of the rule is to strengthen the agency’s ability to prevent fraudulent transactions, improve revenue protection, and help prevent the use of shell or shelf companies attempting to evade customs laws, in particular as relates to intellectual property rights, anti-dumping / countervailing duties, and health and safety requirements. CBP also asserted that creating more rigorous standards for importer verification will improve the competitiveness of brokers that comply with customs regulations. 

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