Recognize that additional costs in today’s market place may not be avoidable, so incorporate an “allowance” for various surcharges when establishing your costing

Quick Tip #61
Understand why AMPS is so important

The Administrative Monetary Penalty System (AMPS) was introduced by the Canada Border Services Agency (CBSA) effective October 7, 2002. The master penalty document outlines 181 contraventions and the responsibility for these contraventions has been downloaded to the Canadian importers and exporters.

Effective April 1, 2019, as a result of the Auditor General of Canada’s report of 2017, which deemed AMPS penalties being too low to improve compliance levels, the CBSA increased a number of AMPS penalties related to commercial trade.

Take the time to review all 181 contraventions.  Focus on the areas where your company may be susceptible and evaluate your procedures.  The best way to avoid penalties under AMPS is to invest in compliance.

Keep informed of the changing requirements of AMPS.  For more information, visit www.universallogistics.ca and sign up for our Customs Compliance Made Easy seminar, or visit the CBSA website