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Home > About TFO Canada > News

Trade News

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 Releases Trade Compliance Verifications for January 2016

Wednesday, January 20, 2016 > 09:56:12
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The CBSA manages trade compliance with the Tariff Classification, Valuation, and Origin programs using the following two post-release verification processes:





  1. Random verifications




  2. Verification priorities





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;




  • Revenue assessment; and




  • Promoting voluntary compliance.





Verification priorities

Targeted verification priorities are determined through a risk-based, evergreen process, meaning that new targets are added throughout the year. Verification priorities may also be carried over from previous years. The current verification priorities are avialable at:



http://www.cbsa-asfc.gc.ca/import/verification/menu-eng.html


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