Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.
CBSA: Trade Compliance Verifications - July 2015Wednesday, July 15, 2015 > 08:37:39
(Pacific Customs Brokers Ltd.)
The Canada Border Services Agency (CBSA) is committed to publicly releasing a semi-annual list of all of its active compliance verification priorities, in the interest of transparency and the promotion of self-compliance.
The CBSA manages compliance with the Tariff Classification, Tariff Treatment, Valuation, and Origin programs using the following two post-release verification processes:
- Random Verifications
- Targeted Priorities
1. Random Verifications
Random verifications are designed to measure compliance rates and revenue loss and the results may be used for many purposes, including:
- Risk assessment;
- Establishing client service activities;
- Revenue assessment; and
- Promoting voluntary compliance.
2. Targeted Priorities
Targeted priorities are determined through a risk-based, evergreen process, meaning that new targets are added throughout the fiscal year. Targeted priorities may also be carried over from previous years.
A summary of the current targeted priorities can be found here. For a detailed version visit this CBSA webpage Trade Compliance Verifications – July 2015. Click on the individual verification priority in order to access additional information.