Game Changer -- Part 1 of 3

Some key components of customs compliance is being proactive and keeping oneself current with changes to regulations, policy and law. As noted in my previous posting... (see: https://customsandcooking.blogspot.com/2023/07/influencer.html ) CBSA has outlined proposed changes to Customs valuation regulations in Canada. This is a game changer to Customs compliance, regulations and administrative policy to extents that we have not seen in a decade. Again, if the proposed amendments are adopted, this is a game changer for companies importing goods to Canada. Several key trade associations, multiple law firms, consultants, customs brokers, as well as corporations large and small have been trying to understand and untangle the vague language that is being used to define the changes. The spirit of these changes were to focus on B2C eCommerce transactions initiated by Non-Resident Importers (NRIs). However, the proposed regulations, as written, can also affect drop shipments wher...