US Customs and Border Protection (CBP) saw increases in some measures used to enforce trade laws and regulations governing textiles in the third quarter of 2021, including factory visits and audits, and collected more duties, 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.
Go deeper with GlobalData
Therefore, textiles have long been a CBP Priority Trade Issue (PTI) for enforcement efforts.
In the third quarter, CBP collected US$701m in Section 301 duties compared to $697m in the prior quarter.
Cargo examinations were up, totalling 3,946 from 3,578 in the second quarter of the financial year. 12 audits were also completed, up from ten a quarter prior, while one special enforcement operation was 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.
Thank you!
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 form
By GlobalData
