Weekly Customs and Trade News Snapshot
Here is a recap of the latest customs and international trade law news:
Customs and Border Protection (CBP)
- CBP releases September 2023 monthly update. Highlights:
- CBP processed more than 2.7 million entry summaries valued at more than $271 billion.
- Identified nearly $6.6 billion of duties to be collected by the U.S. government.
- Stopped 259 shipments valued at more than $102 million for further examination based on the suspected use of forced labor.
- Seized 1,658 shipments that contained counterfeit goods valued at more than $280 million if the items had been genuine.
- CBP releases FY 2023 textile enforcement statistics. Highlights:
- CBP seized more than 5,000 textile shipments valued at more than $129 million.
- Issued approximately $67.2 million in commercial fraud penalties.
- Conducted audits that identified over $2 million in additional duty owed to CBP.
- Conducted laboratory analysis on 323 shipments, 42% of which were found to be mis-declared or mis-described when arriving […]