Compliance on A Budget – Reasonable Care For Small Businesses
Webinar: 1 CCS Credit
All importers, whether large or small, must exercise reasonable care in filing customs entries in the U.S. This means they are often required to interpret a myriad of U.S. Customs and Border Protection regulations and requirements and classify items pursuant to often-inconsistent CBP rulings. This responsibility cannot be delegated to the importer’s customs broker or another third party.
Failure to exercise reasonable care may result in unanticipated duty consequences, significant penalty liability, and, in some cases, sanctions on company executives.
How can a small business with limited resources possibly comply? This 60-minute webinar will address these concerns and provide general recommendations regarding practices that small businesses may use to ensure they are in compliance with reasonable care responsibilities.
- Compliance considerations for small businesses
- Penalty statute
- Reasonable care
- Prior disclosure
- Internal audit
- Small Business Regulatory Enforcement Fairness Act benefits
- Potential liability for officers and others in small businesses
- False Claims Act concerns
Larry Ordet is a member of Sandler, Travis & Rosenberg, P.A., resident in the Miami office, and serves on the Firm’s Operating Committee. Mr. Ordet concentrates his practice on general customs compliance matters, with particular emphasis on tariff classification, NAFTA duty deferral and preference program qualification issues. He has worked extensively on WCO tariff classification issues involving the modification of the Harmonized System and related Explanatory Notes.