Zepol has released its latest and much anticipated trade data tool, ComplianceIQ™. This new product helps U.S. importers adhere to U.S. government import regulations. ComplianceIQ™ is a unique way to find all the information trade compliance professionals need in order to bring a product into the United States; it combines multiple import-compliance datasets within one online interface, which allows users to find the exact information they need, for specific HTS Codes.


ComplianceIQ™'s vast amount of information can be used to: 

• Classify your products and see how competitors classify their products
• Avoid penalties and view applicable duties and quotas
• Proactively monitor government updates via scheduled emailed reports
• Better demonstrate due diligence if an audit occurs, and much more

Zepol offers a free trial of ComplianceIQ™ and its entire suite of trade-data tools. For more information, a free trial, or free demonstration, click here.

In just a matter of weeks, the long-awaited changes to the Harmonized Tariff Schedule will go into effect. The Presidential Trade Proclamation, which enforces these new alterations, was signed by President Obama at the end of December. According to Export.gov, the 2012 revisions include 204 amendments in 53 HTS chapters. Overall, the changes will affect 108 different HTS headings.

The majority of the changes are food-related, with a significant portion in the seafood industry. Changes will also affect products such as water-pipe tobacco, biodiesel, and video game machines, among others. The revisions, which take place every five years, are intended to enhance safety of products (particularly for the food industry) as well as improve accuracy and details of newer products.

Is your company prepared for this transition? For a detailed list of 2012 HTS code revisions, click here.

Zepol’s ComplianceMonitor™ tool reported that 340 new Antidumping and Countervailing letters were released in August by the U.S. government concerning imports to the United States. There were only 42 letters released in August of last year. Some product categories involved in the letters include iron and steel, wood, paper, and food items (such as seafood and wheat). Many times these products are imported at unfairly low or subsidized prices, potentially causing harm to domestic producers.

Being aware of the most recent compliance changes is of critical importance if your company wishes to avoid potential penalties. ComplianceMonitor™ proactively alerts users of the most recent updates for your imported products, allowing you to stay up-to-date and on top of your game. Learn more today!

Zepol has created this guidebook for importers, customs brokers, and trade professionals in all industries to better understand the compliance risks involved when importing products into the United States. The report provides detailed information about U.S. trade compliance statistics, audit triggers, potential penalties, and more. With audits increasing along with severe penalties for noncompliance, this guidebook is intended to ensure your company does not overlook critical steps in the import-compliance process. Click the image to the right to download the free guidebook.

This report was created in connection to Zepol’s product ComplianceMonitor™, a tool designed to track and alert users on critical U.S. import compliance changes such as duty and tariff rates, U.S. Customs rulings, antidumping actions, and more.