Exporters still have time to voluntarily disclose undeclared exports that passed through the U.S., but were destined for Mexico or another country. Disclosure is required if the exported goods have a value of $2,000 CAD or more.
The Canada Border Services Agency (CBSA) have advised a large number of companies had not properly reported these exports and have provided a 6-month grace period (December 1, 2015 to June 1, 2016) to voluntarily disclose the unreported exports without penalty. After the grace period expires, compliance verifications will be conducted by the CBSA and penalties may be issued for failure to report the exported goods.
If you need help with a Voluntary Disclosure of Unreported Goods, call us at (905) 882-4880 and ask to speak with Brian Rowe, General Manager – Customs Consulting Services.
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