Preparation
If someone tried cooking without any sort of preparation, the end result would probably not be what was to be expected. Check out the BLOG titled SOP.
https://customsandcooking.blogspot.com/2021/04/sop.html
Even though, I am currently on vacation, it is so important to prepare about what is coming within the world of Customs.
Canada Border Services Agency (CBSA) Customs Notices CN21-19 through to CN21-23 are all discussing the upcoming HS code changes for 2022.
CN21-20: https://www.cbsa-asfc.gc.ca/publications/cn-ad/cn21-20-eng.html
Why are there so many notifications?
This is probably one of the largest HS updates that the World Customs Organization (WCO) has undertaken. The WCO initiates updates to the HS/HTS tariff nomenclature usually once every five years. The 2027 updates are already in the initial stages of discussion and analysis.
Each member jurisdiction (with Canada amongst the members) undertakes to update their tariff nomenclature with the guidance of the WCO updates. Without preparing for these updates, importers will have compliance issues arising quickly.
Another item to prepare for is the CBSA Assessment and Revenue Management project (CARM). Phase 2 is scheduled to go live in the spring of 2022. This project is a game changer for companies who import into Canada (whether they are a resident importer or a non-resident importer). Without proper registration as well as posting necessary security, shipments will not be allowed clearance into Canada.
All to say that if companies are not preparing for these major changes, their supply chain will be gravely affected and their compliance practices will need to take reactive measures instead of being proactive with these changes now.
I have been doing quite a bit of cooking recently. The picture says it all...
Comments
Post a Comment