Written by: Kerry Lawrence CCS, CTCS – Director, Customs & Duty
The Canada Border Services Agency (CBSA) has released its Trade Compliance Verification List for July 2023. It is no surprise, given the ambiguous nature of classifying goods, that the CBSA continues to focus on tariff classification by adding freezers, freezing equipment, washers, and dryers to the list. Knowing which goods the CBSA is targeting is imperative for Canadian importers and Non-Resident Importers (NRI) to avoid facing an audit. If your business imports goods that have been added to the CBSA list, your company could face increased scrutiny and potential audit exposure.
That’s why it’s important to work with customs and duty experts.
Evaluating your customs compliance risk level across each trade program, tariff classification, origin, and valuation can be cumbersome and difficult to navigate. In a collaborative effort, our tax experts work with your team to review your customs compliance procedures. By doing so, we are able to manage risk and mitigate penalties under the Administrative Monetary Penalty System (AMPS).
DMA’s Customs & Duty practice provides top-tier expertise and compliance solutions to help you avoid penalties, additional duty, interest fees, and border delays while helping you navigate the complex rules in a challenging trade environment.
Contact our customs and duty team to ensure your business is compliant.
UTILIZE DMA’S CUSTOMS & DUTY EXPERTS
Moving goods across borders creates sophisticated tax challenges—fortunately, DMA is here to solve them. Leverage our Customs & Duty service to maximize your tax power.