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The Bureau of Industry and Security has issued a final rule that, effective March 13, finalizes changes to the support document requirements for license applications submitted to the agency. In addition to clarifying and streamlining the support document requirements for license applications in part 748 of the Export Administration Regulations, the final rule removes the requirement to obtain an International Import Certificate or Delivery Verification in connection with a license application and limits the requirement to obtain a Statement by Ultimate Consignee and Purchaser to exports, reexports and transfers (in-country) of 600 Series Major Defense Equipment.
BIS notes that revisions to the EAR affecting the agency’s participation in issuing documents for the Import Certificate and Delivery Verification system for imports into the U.S. will be addressed in a future final rule, as will potential substantive changes to information collections under the Paperwork Reduction Act.
This final rule is part of BIS’s retrospective regulatory review being undertaken under Executive Order 13563, which requires each agency to periodically review its existing significant regulations to determine whether any such regulations should be modified, streamlined, expanded or repealed so as to make the agency’s regulatory program more effective or less burdensome in achieving regulatory objectives.
September 14, 2020 // Trade Report
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