The Hidden Costs of ISF 10 2: How it's Affecting Importer Compliance

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The implementation of ISF 10+2 has had a significant impact on the compliance cost for importers. Importers are now required to invest more time and resources in gathering and preparing the additional data required for ISF 10+2 filings. Additionally, importers may need to obtain a customs bond and enlist the services of a customs broker to navigate the complexities of ISF 10+2 compliance. Non-compliance with ISF 10+2 requirements can result in penalties, cargo holds, and delays in cargo release. However, by investing in systems, partnering with customs brokers, and ensuring accurate filings, importers can mitigate the risk of penalties or cargo delays.
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