| Compliance
Consulting Services |
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The
Canada Border Services Agency (CBSA) has implemented a system
of self-compliance that significantly changes how it deals
with Canadian importers. While in the past trade compliance
was reviewed on a transaction-by-transaction basis, today
the CBSA expects importers to take responsibility for the
accuracy of their own trade data and customs declarations.
The importer is responsible for reporting their goods to the
CBSA at the time of entry into Canada. It is also important
to note that the importer must report to the CBSA any post-entry
adjustments not declared at the time of entry.
The
CBSA expects self-compliance and will enforce the accuracy
of trade data through an active audit program targeting businesses
like yours. Non-compliance can result in significant penalties.
Where contraventions are discovered, monetary penalties ranging
from $100 to $25,000 per infraction could be assessed
PF
Collins can help. Our trade experts have the specialist knowledge
required to prepare any company for a Customs audit and will
help maximize compliance with applicable trade legislation.
PF Collins has developed four specific service offerings designed
to educate procurement staff about compliance issues and help
minimize the risk for CBSA fines and penalties.
The
services offered include a Compliance Manual, a Compliance
Review, a Pre-Audit Review and Post-CBSA Audit Review. For
more information on our compliance consulting services please
contact Brian Collins or Ron Malone.
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