CARM: What all importers need to know about CARM

Universal Logistics - Take The Right Route Logo with 70 Years Badge

Route Article

Undervalued courier shipments now subject to seizure

     Courier

Shipments of commercial goods through the Courier Low Value System (CLVS) program are now subject to seizure if there is physical evidence of a significant undervaluation.  Physical evidence includes any document found on the shipment, such as an invoice that shows a contradiction between the declared value presented by the exporter, and the transactional value.  The definition of “significant undervaluation” is still not known.

If you are currently using the Courier LVS program, be sure to advise your vendors to declare accurate invoice/transaction values on your courier declarations in order to avoid the potential seizures and penalties that may result in undervalued goods.

For more information, contact Brian Rowe, General Manager – Customs Consulting Services.

Quick Tip #10
How to avoid unnecessary service disruptions

World events such as strikes, lock outs, bad weather or international holidays don’t have to delay your shipments, …

Switch to a Logistics
Partner Who Cares

Click the button below to find out why we’ve been Canada’s most trusted freight forwarder and customs broker for over 75 years.

Professional business people team meeting and working in corporate office concept

Register now to learn more about our

101 Logistics Quick Tips

Available exclusively from Universal Logistics