Sanctions for customs violations: penalties apply for breaches of origin, valuation and preferential tariff entitlement rules. Parties must impose civil, administrative and, where appropriate, criminal sanctions for violations of customs laws governing tariff classification, ... Summary
Sanctions for customs violations: penalties apply for breaches of origin, valuation and preferential tariff entitlement rules.
Parties must impose civil, administrative and, where appropriate, criminal sanctions for violations of customs laws governing tariff classification, customs valuation, rules of origin and entitlement to preferential tariff treatment. The Annex provides product specific rules based on the Harmonized System, primarily requiring a change of chapter/heading/subheading or, for many listed HS codes, compliance with a value content threshold for non originating materials to qualify for preferential treatment.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.