US Customs and Border Protection (CBP) recently announced its intent to begin issuing liquidated damages against importers and carriers for non-compliance with the ISF (Importer Security Filing) requirements effective from July 9, 2013. Liquidated damages may be issued in the amount of $5,000/violation. In addition to issuing monetary penalties, CBP will increase cargo exams and the use of manifest holds for “No ISF on File”.
If you are an a importer experiencing late or inaccurate filings, it is very important to increase your diligence in complying with processing timely, accurate and complete ISF filings. We are here to help…please contact Lindsay at 781-961-3540 for assistance!