| Canada Customs
Announces AMPS Grace Period |
|
(Ottawa, October
22, 2001)... The Canada Customs
and Revenue Agency (CCRA) will implement the Administrative
Monetary Penalty System (AMPS) on October 29, 2001.
AMPS will allow
the CCRA to impose penalties to those importers that are
non-compliant
with current CCRA rules and regulations.
Penalties will apply to certain aspects
of the Customs Self Assessment (CSA) program from the outset.
But in all other areas a grace period will apply until April
2002, because the CCRA understands that some exporters and
importers need more time to fully understand their obligations
under AMPS.
For your reference, a detailed article
on AMPS was prepared by Universal Logistics for the September
2001 issue of Woodworking
magazine.
If you should have any questions, please
do not hesitate to contact me.
Brian Rowe
General Manager – Customs and Consulting
|
