US Customs and Border Protection (CBP) saw increases in some measures used to enforce trade laws and regulations governing textiles in the first quarter of 2021, according to new data.
Textile and apparel goods have some of the highest duty rates of all commodities imported into the US making them susceptible to fraud. Textile risks include: schemes designed to circumvent textile tariff and trade laws include false invoicing, false marking and labelling, false claims of origin, illegal transshipment, misdescription, undervaluation, false declarations of right to make entry, false trade preference claims, and outright smuggling.
Therefore, textiles have long been a CBP Priority Trade Issue (PTI) for enforcement efforts.
In the first quarter, CBP collected US$759m in Section 301 duties compared to $851m in the prior quarter.
Cargo examinations were also up, totalling 2,857 from 2,672 in the fourth quarter of the last financial year. Seven audits were also completed, down from ten a quarter prior, while six special enforcement operations were completed.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData