Tougher rules for US imports on DDP put pressure on buyers and suppliers

AI Summary

New U.S. Customs and Border Protection requirements for foreign importers of record are creating added compliance pressure for U.S. companies purchasing goods under Delivered Duty Paid terms. Buyers and suppliers are being urged to clarify who is responsible for customs declarations.

US companies buying goods on Delivered Duty Paid (DDP) terms have been urged to examine who is responsible for their customs declarations, after US Customs and Border Protection (CBP) introduced new requirements for foreign importers of record (IORs). The post Tougher rules for US imports on DDP put pressure on buyers and suppliers appeared first on The Loadstar.