Today, January 21, 2011, the U.S. Department of Commerce’s (Commerce) Bureau of the Census (Census) published proposed changes to the export requirements contained in its Foreign Trade Regulations (FTR) at 15 CFR Part 30. Along with a number of updates to improve the clarity of the FTR, Census has proposed to significantly change export reporting using “Option 4,” or the post-departure filing program. All exporters will have to re-apply for the program under more stringent criteria, authorized filers will only be allowed to use a post-departure option when exporting certain specified types of commodities, and filers will have less time to report exports.

Click on the PDF link above to view the full alert.

Source: Customs & Trade Alert
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