10+2

Questions About 10+2

  • DIVESTING AND ISF IMPACT

    Question: I need the expert advice and input from the trade community on divesting aGBU and its impact on the ISF process. We are divesting one of our GBUs. I am meeting with a rep of the division being divested to discuss thedivestiture. From an ISF standpoint, what do you think we and they need […]

  • CHARGE BACKS FOR ISF ERRORS

    Question: I know that we are not in penalty enforcement yet for ISF but we arepreparing.  We are currently reviewing our contracts with our ISF serviceprovider and are curious to know if there are any best practices or verbiagewhich holds the provider accountable if penalties are imposed due to failureto timely file the ISF as […]

  • Tracking Software

    Question:We are involved in the complicated world of pharmaceutical imports. One very difficult aspect of this is determining proper valuation to account for R&D, Clinical Studies, License, Royalty costs. Is anyone aware of software available that can track, splice and dice and apportion R&D, Royalty, License Costs to imported prototypes, placebos, biologics, samples and finished […]

  • Exporting wood products to China

    Question:I have a question for the membership regarding exporting wood products to China. My company is about to make an export shipment of finished picture frames to China. These picture frames are being assembled in the US from moulding that was imported from various suppliers in Europe and Asia It is my understand that Chinese […]

  • Entry Summary gross weight errors

    Question:I understand that everything on the 7501 should be 100% accurate and of course that is our goal.   I recently found out during a monthly review that the gross weights were off on hundreds of entries  (possibly more), the majority of the time it appears to be a much larger weight than what is […]

  • CHARGE BACKS FOR ISF ERRORS

    Question:I know that we are not in penalty enforcement yet for ISF but we are preparing.  We are currently reviewing our contracts with our ISF service provider and are curious to know if there are any best practices or verbiage which holds the provider accountable if penalties are imposed due to failure to timely file […]

  • SFSR

    Question:How do I go about getting a Security Filing Summary Report for our ISF filings?   My filer has never heard of it.

  • ISF LANGUAGE ON A PO

    Question: What (if any) language would you put on a PO referencing ISF? There is talk of doing that here and it just seems like overkill to me. Why would anyone do that?

  • ADD DEPOSIT RATE

    Question: Would greatly appreciate getting the memberships feedback on the followingscenario.  Importer buys product from an unrelated party Company A located in Hong Kong. Company A has product manufactured by its related company B located in China.  A specific ADD rated has been issued for the product and lists a combination cash deposit rate showing Company B as […]

  • ISF RECORDKEEPING

    Question:  I have not been keeping up on the ISF-recordkeeping front.  Has anyoneheard yet of whether there will be any recordkeeping requirements or whatthey are?  Currently, I am maintaining a record of each ISF submission,including any updates to an original ISF