U.S. CUSTOMS TO EVALUATE VOLUNTARY IMPORTER COMPLIANCE PROGRAM
U.S. Customs says it has completed its voluntary Importer Compliance
Monitoring program and the agency will now begin to look at the results.
The program was set up by Customs last year with the help of Motorola,
Sears, Tandy and Compaq. About 30 companies joined the program.
Customs encouraged participating importers to provide plans for
following import rules, such as record keeping, valuation and
classification. In return for cooperating, penalties actions for violations
could be minimized.
Customs will analyze the results of this program during the next several
months. The agency will then decide how to proceed with future importer
self-assessment efforts, said William F. Inch, director of Customs
Regulatory Audit Division.