Law Firm Outlines Customs Reauthorization Provisions
Akin Gump posted a summary of some of the major parts of customs reauthorization legislation (here) that was recently passed by Congress and is expected to be signed by President Barack Obama (see 1602120029). The summary includes sections on new…
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penalties for customs brokers, changes to drawback procedures, intellectual property rights protections and information requirements for importers of record. The outline also includes information on potentially quickly moving changes to de minimis levels, which "shall apply with respect to articles entered, or withdrawn from warehouse for consumption, on or after the 15th day after the date of the enactment."