Reminder: Enforcement of FTR Changes Begins October 2nd07/29/2014
As a reminder, effective April 5, 2014 the U.S. Census Bureau amended the Foreign Trade Regulations (FTR) contained in 15 CFR Part 30 but also announced a 180-day Informed Compliance period during which no penalties would be issued for failure to comply with the new export requirements. That Informed Compliance period is scheduled to end on October 2, 2014, after which time penalties may be issued for violations.
Changes to the FTR included:
- New EEI data elements – Ultimate Consignee Type and License Value
- Removal of the EEI filing exemptions for temporary imports and exports
- Reduction of the post-departure filing time frame from ten calendar days to five calendar days
- Expanded EEI data element - Foreign Trade Zone (FTZ) Identifier
The Final Rule amending the FTR is available online at:
FTR Letter #8 announcing the Informed Comliance period can be accessed at:
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