SEMA eNews Vol. 12, No. 22, June 4, 2009

Avoid Steep Penalties—New Filing Requirements for Importing Products to the United States

SEMA-member companies importing as few as one commercial shipment a year are required to file new reports with the U.S. government. Participate in this FREE webinar to learn more about the new initiative.

Importing products into the United States has become more complicated and costly due to a new U.S. Customs and Border Protection (CBP) regulation: the Importer Security Filing (ISF). The new reporting requirement, one that is more commonly referred to as the "10+2" initiative, will require importers to supply 10 pieces of data and shipping companies another two.

The regulation requires importers or their designated agents to supply the required data electronically at a minimum of 24 hours before the products are loaded onto ships in the overseas port.

Penalties for incomplete or noncompliance are steep, though the CBP is delaying enforcement for one year for all companies that make a “good-faith effort” during this initial time period. SEMA, as part of a coalition of businesses, has called for a longer comment period as companies begin to meet the 10+2 requirements. Learn what to file, when to file it and how other small businesses have overcome common problems in the program’s initial months.

It goes without saying that if you are currently importing product into the United States, it’s essential that you participate in Richard Di Nucci’s FREE webinar that will provide practical, take-away information. At the conclusion of his webinar, participate in the live Q&A portion and have Di Nucci answer all of your questions regarding the 10+2 initiative.

What: “10+2 = New Filing Requirements for Companies Importing Products to the United States”

When:
Monday, June 8, 2009, 10:00a.m.–11:30 a.m. (PDT)
Presenter:
Richard Di Nucci, Director, Secure Freight Initiative at U.S. Customs and Border Protection

To register for the “10+2” webinar and for more information on the SEMA Webinar Program, go to www.sema.org/webinars.

SEMA's Webinar Program: The SEMA webinar program
brings the world-class business seminars featured during the SEMA Show
right to your desktop. Different business-building sessions are
constantly added to the program, offering members the latest insight
and practices from today’s leading speakers.

All SEMA webinars
are conducted live and are open to all employees of SEMA-member
companies free of charge. To participate, all you need is a computer
with Internet access and a telephone. All previous SEMA webinars are
available for download. Learn more about SEMA webinars and view upcoming presentations.

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