US Duty and Tax Threshold Increases!
From the 10th March 2016, shipments with a value of up to $800 will generally be permitted entry into the United States free from duty and tax.
A wide reaching Customs reauthorisation bill (H.R. 644, the Trade Facilitation and Trade Enforcement Act) was signed into law by President Obama on February 24, 2016.
The Trade Facilitation and Trade Enforcement Act of 2015 raises the de minimis threshold for low value shipments. This means that the value of shipments that may be imported free of duty and tax, is increased from $200 to $800*.
What does this change mean for you?
• Shipments entering the US with a value less than $800 will be free from duty and tax*
• Save time with less paperwork requirements
• No import costs for your customers on shipments below $800 in value**
Reduced risk of customs delays
Mapcargo offers the knowledge and expertise to support your business.
For more information speak to your Mapcargo sales representative today