ISF Late Filing Penalties are on the Increase!

Posted on May 1

The trade has recently reported that importers are seeing a surge in the number of penalties issued by CBP for late ISF filings.

Now is a good time to review your ISF filing procedures to confirm that you and your suppliers have proper procedures in place to ensure that future ISF filings are done in a timely manner.

Failure to submit a timely ISF can result in a penalty of $5,000.00 per violation.

If you have any questions about this recent trend or would like to discuss your current ISF procedures, please contact your V. Alexander account team for assistance.