Compliance with the Importer Security Filing Rule

3/25/19:  Customs, imports and border protection frequently feature in headlines for many reasons other than compliance. The US Customs and Border Protection’s (CBP) importer security filing (ISF) rule changes that....

In a Trade Report on is website, law firm Sandler, Travis & Rosenberg, P.A. explains the IFS rule, the timing for submitting data before cargo is laden aboard a vessel destined for the US, and the required data points. Understanding the compliance requirements is timely according to the authors. After amending its regulations in 2018, CBP this month began “… issuing liquidated damages claims for violations of this rule, which only applies to ISF-5 shipments...