Importing Without Reporting the Importer of Record Number: Know the Penalties!

US Customs Clearing | 213-270-1930 | info@uscustomsclearing.com | https://uscustomsclearing.com/

In today's video, we discuss the penalties for failing to report the Importer of Record (IOR) number in the Importer Security Filing (ISF). The ISF requires importers to provide specific shipment details before goods are loaded onto a vessel bound for the United States. Failing to report the correct IOR number can result in penalties imposed by the US Customs and Border Protection (CBP). The CBP has established three tiers of penalties, ranging from $5,000 to $10,000 per violation, depending on the severity of the non-compliance and the importer's history. Multiple factors are considered when determining the appropriate penalty, including the seriousness of the violation, prior non-compliance history, efforts to correct the violation, and potential harm to revenue or the public. It is crucial to ensure compliance to avoid penalties and legal consequences.
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Video Disclaimer Here: For learning purposes only, We claim no affiliation with any US government agency.

0:32 - Importer Security Filing (ISF) requires importers to provide shipment details before goods are loaded onto a vessel bound for the US.

1:24 - Failure to report the correct Importer of Record (IOR) number can result in penalties.

1:46 - Three tiers of penalties for failing to report the IOR number: $5,000 for unintentional violations, $10,000 for history of violations, and up to $10,000 with legal action for deliberate non-compliance.