On October 25, 2011, United States Customs and Border Protection (CBP) amended its regulations by adding provisions formally recognizing the use of sampling methods in CBP audits, as well as recognizing their application in voluntary prior disclosures. The new regulations also clarify the use of offsetting of overpayments and over-declarations during an audit. For a complete version of the Federal Register notice, click here. The rules will be effective December 27, 2011.
Source: Customs & International Trade AlertLeave Drinker Biddle to Learn More