Export
Compliance Requirements:
Export/Import Compliance Programs
are the cornerstone of a company's international business.
Exporting - such as the shipment of hardware
outside of the U.S., or transmission of technical information to a non-U.S.
person - is heavily regulated by federal laws and regulations referred to
collectively as "export controls."
These controls affect the export of commodities
(goods and materials), technology (technical data and know-how) and software
from the U.S. to a foreign country or a foreign person. They also affect the
re-export of any such U.S. items from one foreign country, nationality, or
party to another, as well as products made outside based on U.S. technology.
Import Compliance
is an area that requires close scrutiny as there are numerous regulations
which control the import of goods into the U.S. Among them are the US
Customs Regulations which control the flow of goods and the entry process
into the U.S. A key component of the import process is the correct
classification of your goods under the Harmonized tariff Schedule of the US
(HTSUS). Misclassification of your goods can result in your company paying
excessive duties or penalties to the U.S. Customs and Border Protection
Agency (CBP). In addition, imports of defense articles are often controlled
under the ITAR and the BATFE regulations.
ITC Strategies assists companies in managing
their export and import compliance responsibilities by providing various
services tailored to meet each company’s needs and specific requirements.
