ISF Late Filing Penalties are on the Increase!
News Alert
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> 04/09/25 > UPDATED GUIDANCE – Reciprocal Tariffs on China, April 9, 2025, Effective Date
> 04/03/2025 > White House Announces Reciprocal Tariffs
> 03/13/2025 > Update: Section 232 Aluminum and Steel Reporting Guidelines
> 3/13/2025 > Urgent Update: Section 232 Tariffs Set to Take Effect
> 03/04/2025 > Canada, Mexico, and China Retaliatory Tariffs
> 03/04/25 > TARIFF UPDATE: Canada, Mexico, China, Steel & Aluminum
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.