Bloomberg: Submitting a Voluntary Disclosure to Directorate of Defense Trade Controls

Diaz Trade Law’s President, Jennifer Diaz, and Associate Attorney, Sharath Patil, are enthusiastic to announce Bloomberg Law published another one of our articles, “Submitting a Voluntary Disclosure to Directorate of Defense Trade Controls“! Below is the article reproduced with permission for your reading pleasure. You can read the article here (where you’ll have the ability to access all of the great hyperlinks). Please note you cannot click on the hyperlinks below.

We’d love to hear your feedback!

 

 

 

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Upcoming Webinar: Basics of U.S. Tariff Classification (HTSUS)

Did you know the Harmonized Tariff Schedule of the U.S. (HTSUS) can be difficult to navigate, and importers often either don’t even know what HTSUS is, or strictly rely on customs brokers for this number, not realizing it is an importers responsibility and liability should be HTSUS be incorrect. Now, especially, with 301 duties in place, ensuring you have the right HTSUS is more important than ever.

Ensure you’re informed and updated on classification and binding rulings and register for Diaz Trade Law’s webinar Basics on Tariff Classification taking place on May 12, 2022. This one-hour webinar will provide insights into the importance of CBP Rulings for classification and binding rulings in ensuring compliance when importing into the United States. The presenter will provide an overview of the process of how to receive a final classification and binding ruling from CBP as well as TOP tips on when it may be advantageous to do so.

Register today to hear directly from DTL’s president, Jennifer Diaz as she teaches attendees about the fundamental in ensuring compliance when it comes to classification along with the new HTSUS changes in 2022.

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By |2022-05-02T19:11:02-04:00April 28, 2022|Best Practices, Events, Export, Import, International Trade, Speaking, U.S. Customs and Border Protection (CBP)|Comments Off on Upcoming Webinar: Basics of U.S. Tariff Classification (HTSUS)

CBP’s NEW Prior Disclosure Requirements

Diaz Trade Law’s President, Jennifer Diaz, and Associate Attorney, Sharath Patil, are enthusiastic to announce that our article, “New CBP Prior Disclosure Requirements” was published by the Customs and International Trade Bar Association (CITBA) in its Spring 2022 newsletter.

Our article focuses on how to successfully submit a prior disclosure (PD) to Customs and Border Protection, along with details known of CBP’s new timing requirements, which have not been circulated publicly. CBP’s new deadlines place a burden on importers that must be considered PRIOR to filing a PD.

You can read the article here (where you’ll have the ability to access all of the great hyperlinks). Please note you cannot click on the hyperlinks below.

We’d love your feedback!

Below is the article for your reading pleasure.

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By |2022-04-21T14:11:35-04:00April 19, 2022|Best Practices, Import, International Law, International Trade, Pre-compliance, Prior Disclosures, U.S. Customs and Border Protection (CBP)|Comments Off on CBP’s NEW Prior Disclosure Requirements

Successor Liability & Export Control Liability

All too often we hear of companies that do not consider U.S. export controls and trade sanctions in their due diligence checklists when going through an acquisition or merger. When taking over a non-compliant business, the buyer may be responsible for any violations that took place before the acquisition, even if the non-compliant actions were NOT unidentified at the time of the acquisition. In this blog we’ll address export regulations, successor liability, a case study, and practitioner tips on what you should be doing PRIOR to acquiring or merging!

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By |2022-04-09T19:50:33-04:00April 11, 2022|Best Practices, Export, International Law, International Trade, U.S. Office of Foreign Assets Control (OFAC)|Comments Off on Successor Liability & Export Control Liability

Importing into Puerto Rico? Don’t Forget about Paying Use Tax

Puerto Rico, a U.S. territory, although uniquely situated as a part of the customs territory of the United States it simultaneously operates its own internal tax system for importations into Puerto Rico. This means importations of goods into Puerto Rico must meet all import requirements that any importation into the United States must meet. For example, importations are subject to duties, taxes, and fees imposed by CBP, and importations must meet the health, safety, and sanitary and phytosanitary requirements of a wide range of federal agencies such as the U.S. Department of Agriculture, the U.S. Consumer Products Safety Commission, the U.S. Food & Drug Administration, etc.

Meanwhile, importations into Puerto Rico are additionally subject to the territory’s own entry tax administered by the Departmento de Hacienda (“Hacienda”), a Puerto Rican governmental agency that serves the function of a territory treasury department. Puerto Rico’s unique entry tax is a component of a two-pronged tax system for goods, known as the Impuesto sobre Ventas y Uso (“IVU”) (in English, “Sales and Use Tax”). As the name suggests, the IVU is comprised of (1) sales tax, and (2) a use tax.

The sales tax functions similar to sales taxes elsewhere in the United States. In Puerto Rico, the Hacienda requires that sales taxes on goods and services be collected by goods and services providers and paid to the Hacienda on a monthly basis. On the other hand, the use tax is the amount that a party must pay when introducing an item to […]

By |2022-01-28T15:32:48-05:00February 1, 2022|AD/CVD, Best Practices, Enforcement, Import, International Trade, Pre-compliance, Reasonable Care, U.S. Customs and Border Protection (CBP)|Comments Off on Importing into Puerto Rico? Don’t Forget about Paying Use Tax

Virtual Currencies & U.S. Sanctions

Diaz Trade Law’s President, Jennifer Diaz, and Associate Attorney, Sharath Patil, are enthusiastic to announce that our article, “Virtual Currencies & U.S. Sanctions” was published by the Customs and International Trade Bar Association (CITBA) in its Winter 2021 newsletter.

Our article focuses on virtual currencies scrutiny under U.S. sanctions programs administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) given the potential national security and foreign policy threats posed by their increasingly widespread use.

Below is the article for your reading pleasure.

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By |2022-01-18T18:07:46-05:00January 19, 2022|Best Practices, Export, International Business, International Trade, U.S. Office of Foreign Assets Control (OFAC)|Comments Off on Virtual Currencies & U.S. Sanctions

Export Licensing Under EAR

 

Diaz Trade Law’s President, Jennifer Diaz,  and Associate Attorney, Sharath Patil, are enthusiastic to announce Bloomberg Law published another one of our articles, “Export Licensing Under EAR“! Below is the article reproduced with permission for your reading pleasure. You can read the article here (where you’ll have the ability to access all of the great hyperlinks). Please note you cannot click on the hyperlinks below.

We’d love to hear your feedback!

 

 

 

 

 

 

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By |2022-04-25T16:53:46-04:00January 4, 2022|Best Practices, Bloomberg, Bloomberg Export, EAR, Export, International Trade, ITAR, U.S. Bureau of Industry and Security (BIS)|Comments Off on Export Licensing Under EAR

2021: A Year in Review

From all of us at Diaz Trade Law, we are incredibly thankful and grateful for your support this year. Despite this ongoing pandemic, Diaz Trade Law still managed to save our clients MILLIONS of dollars in 2021. It is with great joy that we finish off 2021 filled with numerous achievements and accomplishments were humbled to share with you. We look forward to assisting you in what we envision will be a better and brighter 2022!

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Catch Up on All DTL Blogs from 2021

We want to make sure you stay up to date with the hottest trade blogs from 2021. Below is a summary of what you missed by category. Enjoy! […]

3-Part Podcast Miniseries – Importing, Exporting, and AD/CVD

Diaz Trade Law is excited to announce that three of its attorneys participated in a three-part podcast mini-series on Customs and International Trade law.  The podcast is titled “The View from Jamestown” and hosted by Ben Sawicki of The Chemical Company. This special three-part podcast mini-series featured an in-depth introduction to importing, exporting, and anti-dumping and countervailing duty investigations (AD/CVD), along with helpful insights on best practices for your business. The three podcasts are great for both beginners and advanced levels. We would love to hear your feedback once you’ve watched!

Watch Now! 

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By |2021-12-20T10:52:46-05:00December 21, 2021|Best Practices, Export, Import, International Law, International Trade, Speaking, U.S. Customs and Border Protection (CBP)|Comments Off on 3-Part Podcast Miniseries – Importing, Exporting, and AD/CVD
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