ACTS retraces the origin!
Free trade agreements such as the North-American Free Trade
Agreement (NAFTA) grant importers substantial or even complete
reductions of customs duties on qualifying goods.
In order to benefit from the advantages afforded under a free
trade agreement, importers must ensure that their imported goods
are covered by valid certificates of origin. If called upon,
persons issuing free trade certificates of origin (exporters)
must be prepared to provide to the Customs authorities,
satisfactory evidence that the goods originate. Only those
persons possessing a sufficient knowledge of the free trade
rules of origin,
the harmonized system of
tariff classification,
customs valuation,
and the finished goods should certify the originating status of
a good.
Our advisors can conduct comprehensive origin analysis to
determine the origin of your goods. In instances where a good is
found not to originate under a free trade agreement, we can
recommend solutions, which if acted upon could render the good
as originating under a particular free trade agreement.
Our advisors can also participate in Customs origin audit and
set up an internal origin management program that guarantees
compliance.
Reminder
In Canada: For shipments with a declared value of $1,600 CA and
greater, a duly completed certificate of origin is required. For
shipments valued at less than $1,600 CA, you can employ either a
duly completed certificate of origin or a Declaration for
Commercial Importations of less than $1,600 CA.
In the United States: For shipments with a declared value of
$2,500 US and greater, a duly completed certificate of origin is
required. For shipments valued at less than $2,500 US, you can
use either a duly completed certificate of origin or a signed
declaration.
Did you know?
The customs authorities of both Canada and the United States
estimate that 50% of all NAFTA certificates of origin employed
are filled out in an incomplete of erroneous manner. Penalties
are applicable for the misapplication of a free trade tariff
treatment. So be sure to confirm the validity of your free trade
certificates of origin!
For more information, contact:
acts@actsconsultants.ca |