Vol. 0923-2005

REGULATORY COMPLIANCE NEWSLETTER

NEWS:    

                                                                  
Export Compliance White Paper  

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The Bureau of Customs and Border Protection (CBP) issued a notice that announces changes to the National Customs Automation Program (NCAP) test concerning periodic monthly deposit of estimated duties and fees. Participants in the Periodic Monthly Statement test are no longer required to provide a bond rider covering the periodic payment of estimated duties and fees. Nonpayment or untimely payment of estimated duties and fees, however, may result in action by CBP to impose sanctions on the delinquent importer of record or to allow the surety to terminate its basic importation bond. If the bond principal is a participant in the Periodic Monthly Statement test, sureties will now be allowed, under certain conditions, to terminate bonds with 3 business days notice to the bond principal and CBP. The elimination of the requirement to provide a bond rider covering the periodic payment of estimated duties is effective immediately.

The Office of the United States Trade Representative (USTR) issued a notice that pursuant to section 303 of the Trade and Tariff Act of 1984, USTR is required to publish annually the National Trade Estimate Report on Foreign Trade Barriers (NTE). With the notice, the Trade Policy Staff Committee (TPSC) is requesting interested parties to assist it in identifying significant barriers to U.S. exports of goods, services and overseas direct investment for inclusion in the NTE. Particularly important are impediments materially affecting the actual and potential financial performance of an industry sector. The TPSC invites written comments that provide views relevant to the issues to be examined in preparing the NTE. Public comments are due not later than Wednesday, November 16, 2005.

The Office of Foreign Assets Control (OFAC), Department of Treasury announced revisions to their watch list on September 19, 2005. Entities have been added in the notice and information on existing parties on the watch list has been updated with new addresses and branch offices.

DENIED PERSON UPDATE:

The following entities were added to the Denied Persons List .The full list of changes can be accessed at the OCR web site

• Banco Delta Asia SARL, MACAO, AKA/DBA: f.k.a. Banco Hang Sang
  Privileges affected: Including its branches, Offices and subsidiaries is a financial institution of primary money laundering concern under section 311 of the USA PATRIOT Act.
  Effective date: 09/20/04, Expiration date: UNTIL RESCINDED
  F.R. Date: 09/20/2005, Citation: 70 FR 55213

• Chinese Academy of Engineering Physics, Near Mianyang, Sichuan Province, CHINA, AKA/DBA: a.k.a. Ninth Academy, including the Southwest Institutes of: Applied Electronics; a.k.a. Chemical Materials; a.k.a. Electronic Engineering; a.k.a. Explosives and Chemical Engineering; a.k.a. Environmental Testing; a.k.a. Fluid Physics; a.k.a. General Designing and Assembly; a.k.a. Machining Technology; a.k.a. Materials; a.k.a. Nuclear Physics and Chemistry; a.k.a. China Academy of Engineering Physics (CAEP's) 902 Institute, Mianyang; a.k.a. Structural Mechanics; a.k.a. Research and Applications of Special Materials Factory; a.k.a. Southwest Computing Center (all of preceding located in or near Mianyang, Sichuan province); Institute of Applied Physics and Computational Mathematics, Beijing; and High Power Laser Laboratory, Shanghai.
  Privileges affected: Standard. Items will be reviewed on case-by-case basis.
  Effective date: 06/30/97, Expiration date: UNTIL RESCINDED
  F.R. Date: 06/30/1997, Citation: 62 FR 35334; 62 FR 35334;

• SALEH, Dr. Abdul Latif, UNITED ARAB EMIRATES, AKA/DBA: a.k.a. ABU AMIR; a.k.a. SALEH ABU HUSSEIN, Abdul Latif A.A.; a.k.a. SALEH, Abdul Latif A.A.; a.k.a. SALEH, Abdyl Latif; a.k.a. SALEH, Dr. Abd al-Latif; a.k.a. SALIH, Abd al-Latif
  Privileges affected: DOB 5 Mar 1957; POB Baghdad, Iraq; citizen Jordan; alt. Albania; Passport D366 871 (Jordan) (individual).
  Effective date: 09/19/05, Expiration date: UNTIL RESCINDED

CONFERENCES:

BIS Seminars

Title: Update 2005 Conference on Export Controls and Policy
Date: October 24 - 25, 2005
Location: Renaissance Hotel, Washington DC.

Title: Export Controls For Forwarders
Date: November 8, 2005
Location: Sunnyvale, CA

Title: How to Develop an Export Management and Compliance Program
Date: December 2, 2005
Location: Washington, D.C.

CBP Seminars

Title: U.S. Customs and Border Protection (CBP) Trade Symposium
Date: November 2 - 4, 2005
Location: Washington, D.C.

SIA Seminar

Title: Fall Advanced Conference
Date: November 7-8, 2005
Location: Washington, DC

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Disclaimer:

This newsletter is not intended to provide legal guidance. Adherence to this decision does not relieve the exporter of the statutory responsibilities of complying with the applicable statutes, regulations, policies and procedures of the U.S. Government

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