Customs regulations now use, as a measurement for determining the limit, the domestic value of merchandise as though it were genuine, based on the manufacturer’s suggested retail price (MSRP) of the product at time of seizure.
“The language set forth in the proposed rule adheres more closely to the statutory language, basing the limit of the civil fine on the value of the genuine goods according to the MSRP, without any reference to domestic value,” Customs said.
Customs said that because the MSRP excludes retail sales and markdowns, it is usually greater than the good’s domestic value, so removing the distinction between the statutory and the regulatory language will clear up confusion, allowing'Customs'a more uniform method in deterring the amount of a civil fine.
Written comments on the proposed rule may be submitted by Aug. 6 to: Regulations Branch, U.S. Customs’ Office of Regulations and Rulings, 1300 Pennsylvania Ave., N.W., 3rd Floor, Washington, D.C. 20229. For further information contact Lynne O. Robinson, Customs’ Office of Regulations and Rulings, (202) 927-2346.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now