CUSTOMS UPDATE

CUSTOMS UPDATE

INVOICE RULE. Effective May 3, 1990, imports will be required to provide on commercial invoices the name and address of the foreign individual or company responsible for invoicing the merchandise. If the manufacturer is not the seller, the name and address of the party that sold the merchandise for export to the United States must appear on the commercial invoice.

Customs is also proceeding with plans to create invoice accuracy and standardization rules for virtually all classes of imported merchandise. A new

draft of the proposed invoice standards will be available for public consideration in June or July.Under the proposal, importers may provide confidential or proprietary information to import specialists in confidence rather than on invoices. Importers who have received binding classification rulings concerning their products will be allowed to provide less invoice information that importers who have not. Customs may allow a six-month grace period before making the new invoice standards effective. (Source: Neville, Peterson & Williams, a New York law firm).

PENALTY RULES FOR BROKERS. Customs has issued final rules concerning the imposition of penalties against licensed customhouse brokers for violations of Customs laws and regulations.

The extensive regulations define proscribed broker conduct for such violations as well as procedures for brokers to follow in seeking relief from penalties.

Under the new regulations, penalties can be assessed for doing business without a customs broker's license ($10,000), making false statements in license applications ($5,000 to $30,000), conviction of crimes ($15,000 or $30,000), use of broker's bonds to help importers avoid immediate delivery sanctions (up to $30,000) or misclassification of imported merchandise ($30,000). (Source: Neville, Peterson & Williams).

NEW PART AND MERGED CATEGORIES FOR TAIWAN. Effective March 31, 1990, textile goods produced or manufactured in Taiwan and exported from that country on or after March 31, 1990, must show eight new merged and nine part categories.

The list of these categories is available from local Customs regions.

Also effective March 31, 1990, merchandise in part categories 229-F and 229-O will require a visa showing category 229.

Effective March 31, 1990, for goods exported from Taiwan, the following part and merged categories will no longer be valid.:

Merged Category: 353/354; 653/654.

Part Category: 229-F; 229-O; 359-V; 659-B; 670-F.

Customs will allow entry of shipments of textile products in the above categories entered for consumption into the Customs territory of the United States on or after March 31, 1990, from Taiwan, and for which an appropriate export visa with the correct category, part category and/or merged category designation.

Textile and apparel products produced or manufactured in Taiwan and exported from that country between Jan. 1, 1990, and March 31, 1990, will be allowed entry if visaed under the previous part or merged category designation, or visaed under the new part or merged category designation.