Ascent Global Logistics Blog

July 18, 2019

Duty Drawback: A 101 Guide

Duty drawback is a Customs and Border Protection (CBP) program where companies are refunded up to 99% of customs duties, taxes and/or fees that were previously levied upon imported merchandise, and of internal revenue taxes paid on domestic alcohol as well as other excise taxes.

July 17, 2019

PierPASS Rate Increase

PierPASS was established as a not-for-profit company in Los Angeles/Long Beach in 2005 with a goal of addressing multi-terminal congestion issues. The terminals began to have peak hours and non-peak hours, which helped the flow of trucks coming into the ports to pick up containers.

July 9, 2019

Q2 International Trade Recap

Q2 2019 brought many updates to tariffs, regulations and more in the international trade industry. We’ve compiled a recap of all of the must-know trade updates for importers and exporters as we embark on Q3.

July 1, 2019

Compliance Circular July 2019

Customs and Border Protection (CBP) recently held their annual Customs Trade Partnership Against Terrorisam (CTPAT) Conference in San Antonio, TX, with an attendance of over 1,500 CTPAT members – from importers and exporters to Canadian and Mexican foreign manufacturers, from highway carriers and sea carriers to brokers and freight forwarders.

June 24, 2019

S301 List 3 Tariff Exclusion Requests

According to a notice issued by the Office of the United States Trade Representative last week, requests for S301 List 3 exclusions may be submitted between June 30, 2019 and September 30, 2019 through the USTR website, which will be available on June 30.

June 12, 2019

Mexico Tariffs Suspended “Indefinitely”

The proposed additional five percent tariffs on goods from Mexico that were set to go into effect on June 10, 2019 have been “indefinitely suspended” due to a deal between the U.S.

June 4, 2019

India Removed from Generalized System of Preference (GSP)

Under Executive Order 11888 of November 24, 1975, President Gerald Ford designated India as a beneficiary developing country for the purposes of Generalized System of Preference (GSP), an action afforded by The Trade Act of 1974.

June 3, 2019

Compliance Circular June 2019

One of the busiest travel seasons has arrived, with travelers preparing to take trips that will have them transiting through airports both domestically and internationally, as well as crossing various international borders and possibly interacting with different customs officials.

May 15, 2019
Cargo container ship docked at port at night

Compliance Circular May 2019

The Ocean Shipping Reform Act of 1998, which amended the Shipping Act of 1984, went into effect on May 1, 1999. This shipping act combined non-vessel operating common carriers (NVOCC) and ocean freight forwarders under one category labeled “ocean transportation intermediary” (OTI).