AIIS: Compliance Performance of Steel Importers

SEATTLE (Scrap Monster): Customs conducts regular examinations of imports of all commodities to establish levels of compliance with import requirements.

Compliance Measurement develops statistics for both “Letter of the Law” (LOL) compliance and for “Major Trade Discrepancies” (MTD). These cover a wide range of issues, including classification, value, marking, special programs, and AD/CVD, among others.

Each year we ask Customs for data on imports for the two primary steel product tariff chapters, HTS Chapters 72 and 73. For FY 2017, ending September 30, 2017, the Chapter 72/73 combined MTD compliance figure was 97.80%. The LOL figure was 96.46%.

This reflects another decrease in compliance rates for both criteria from the prior year.

Issues with Section 232 and Section 301 entries presumably contributed to the reductions.

 Courtesy: AIIS