JAS USA COMPLIANCE

News & Insights from JAS Worldwide Compliance

JAS Forwarding (USA), Inc.

6165 Barfield Road
Atlanta GA, 30328
United States
Tel: +1 (770)688-1206
Fax: +1 (770)688-1229

Civil Monetary Penalties Adjusted for Inflation

March 4, 2022

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing a final rule to adjust certain civil monetary penalties (CMP) for inflation pursuant to the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. OFAC imposes CMPs pursuant to the penalty authority in five statutes: The Trading With the Enemy Act; the International Emergency Economic Powers Act ; the Antiterrorism and Effective Death Penalty Act of 1996; the Foreign Narcotics Kingpin Designation Act; and the Clean Diamond Trade Act . The new rule went into effect February 9th.

Read More
By

Latest News

Spotlight Jan 2025

For January, we are highlighting Ivel Martinez, our Air & Ocean Manager/FTZ Administrator in the JAS Miami office. Ivel joined JAS in November 2021 and has been instrumental in helping manage the MIA Foreign Trade Zone operations. She is very meticulous in keeping records and validating inventory control.

Ivel's parents owned one of the first CFS warehouses in Miami. Ivel has been in the industry for many years and remembers typing 7512's on a huge brown typewriter.

Ivel has been happily married for 28 years and her family is extremely important to her. She has 2 sons, and 3 puppies. Ivel loves getting together with family and enjoying good food.

Ivel is yet another great example that People Make the Difference!

AES HTS update

Census has published the Harmonized Tariff Codes that are not valid for AES filing for 2025. The US Census department issues a list of HTS codes each year that are not valid for use when filing an AES. Those numbers for January 1, 2025 are listed in the link below.

301 update

New Section 301 China Tariffs went into effect on January 1, 2025 for five subheadings. These increases are the result of the Four Year Review and will affect imports from China of certain tungsten products, wafers and polysilicon.

The rates on tungsten products will increase to 25 percent, while the rates for wafers and polysilicon will increase to 50 percent. Affected subheadings are 2804.61.00, 3818.00.00, 8101.94.00, 8101.99.10, and 8101.99.80.

Click below to check out more details.

Our Sites use cookies for analytics purposes. For more information about the cookies we use on our Sites or how you can disable them, please see our Cookie Policy.