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(JCPOA) Implementation Day: USA Officially Lifts Some Iranian Sanctions
January 16, 2016, marks Implementation Day, as outlined by the JCPOA and agreed upon by Iran and the P5+1 (United States, China, France, Germany, Russia, and the United Kingdom), meaning that the International Atomic Energy Agency has verified that Iran has implemented the nuclear related measures it agreed to this past summer. In recognizing Iran’s compliance, [...]
United States v. Nitek Electronics, Inc. Decision
In United States v. Nitek Electronics, Inc., the Court of Appeals for the Federal Circuit (CAFC) affirmed a decision by the Court of International Trade (CIT) to dismiss a penalty claim against an importer when it sought the penalty claim in court for negligence but asserted gross negligence administratively. In Nitek, CBP issued a pre-penalty notice to [...]
CBP Seizes $2.85 Million in Counterfeit Jewelry
CBP recently announced that it seized 1,200 allegedly counterfeit Tiffany bracelets. CBP also estimated that if the bracelets were genuine they would have a total estimated Manufacturer’s Suggested Retail Price (MSRP) of $2.85 million. In Fiscal Year 2014, CBP made more than 23,000 seizures of counterfeit goods with a total MSRP of $1.2 billion, if [...]
USITC Receives New Petitions
The United States International Trade Commission (USITC) received two petitions on October 28, 2015, seeking to impose Antidumping and Countervailing Duties (AD/CVD). One alleges that certain iron mechanical transfer drive components (transfer drive components) from Canada and China are being sold at less-than-fair-value. The investigations for the transfer drive components, 701-TA-550 and 731-TA-1304-1305, allege that [...]
OFAC Sanctions Islamic State Leaders
The Office of Foreign Assets Control (“OFAC”) has added individuals to the Specially Designated Nationals (“SDN”) List for Counter Terrorism reasons. The designation comes pursuant to Executive Order 13224, which was issued by President George W. Bush due to the September 11, 2001 attacks. Designated parties include the Islamic State of Iraq and the Levant [...]
Nuclear Deal to Provide Limited Sanctions Relief to Iran
On July 14, 2015, after twenty months of negotiations, Iran and six world powers (P5+1) have concluded an agreement that will lift sanctions on Iran but impose strict limits on its nuclear program. The Joint Comprehensive Plan of Action (JCPOA), between Iran, US, UK, France, Germany, Russia and China conditions the sanctions relief on Iran’s [...]
Generalized System of Preferences Renewed
On June 29, 2015, President Obama signed into law the Trade Preferences Extension Act (H.R. 1295), which renews the Generalized System of Preferences (GSP) program. The GSP program provides non-reciprocal, duty-free treatment to certain products imported from developing countries for the use by U.S. companies in manufacturing goods for domestic consumption. The GSP has been [...]
Nuclear Deal to Provide Limited Sanctions Relief to Iran
On July 14, 2015, after twenty months of negotiations, Iran and six world powers (P5+1) have concluded an agreement that will lift sanctions on Iran but impose strict limits on its nuclear program. The Joint Comprehensive Plan of Action (JCPOA), between Iran, US, UK, France, Germany, Russia and China conditions the sanctions relief on Iran’s [...]
DDTC and BIS Propose changes to the USML and the CCL
The Directorate of Defense Trade Controls (“DDTC”) and the Bureau of Industry and Security (“BIS”) have proposed changes to U.S. Munitions List (“USML”) Category XII and the Commerce Control List (“CCL”). In sum, the proposed rule seeks to create a “bright line” between the USML and the CCL for the control of the articles found [...]