CARM: What all importers need to know about CARM

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Be prepared for customs penalties and fines under AMPS

Never assume that the absence of an audit means you will never be audited.  Penalties under AMPS (Administrative Monetary Penalty System) can be applied at the border at time of import (or export) and also post audit.

Eventually everyone will be audited and all of your past shipments will be reviewed for compliance verification.  Shipments that do not comply with the regulations will be assessed penalties.

What about your business?  Are you ready for an audit?  We can help with a review of your customs entries – a small price to pay for the peace of mind that comes with knowing you will be ready when a Canada Customs car rolls into your driveway.

For more information, contact Brian Rowe, Director – Customs Compliance & Regulatory Affairs.

     Oswaldo Arteaga, Manager – Customs Consulting Services

Oswaldo Arteaga, Manager – Customs Consulting Services

Quick Tip #6
The perils of being under insured

Make sure you read the fine print before purchasing insurance abroad for freight shipments.

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