📦New Rules on Low-Value Shipments Affecting Trade Compliance
Trade and National Security Actions and Low-Value Shipments
Summary
This document proposes amendments to the U.S. Customs and Border Protection (CBP) regulations pertaining to the administrative exemption for certain low-value shipments not exceeding $800. Specifically, CBP proposes to make merchandise that is subject to specified trade or national security actions ineligible for this administrative exemption and to require that certain shipments claiming this exemption provide the 10-digit Harmonized Tariff Schedule of the United States (HTSUS) classification of the merchandise.
Agencies
- Homeland Security Department
- Treasury Department
- U.S. Customs and Border Protection
Business Impact
$$ - Med
The proposed rule affects low-value shipment exemptions, requiring compliance with specific tariffs, potentially increasing import costs for businesses. It enforces stricter classification, impacting the logistics of how goods are imported, thus affecting overall shipping strategies and costs for companies.