CUSTOMS MATTERS
The import trade generally stores certain alcoholic beverage
products (generally spirits and sparkling wines) upon which
the federal excise and duty is imposed in facilities where
the federal tax revenue is safeguarded. The owner of such facilities
must qualify and obtain a federal bond to protect the revenue.
The process is similar to the obtaining of federal and state
licensing in that the government requires information on the
applicant, its officers, directors, shareholders, members and
employees as well as the physical premises. In addition, the
government has extensive record-keeping requirements for the
operation of the facility and imposes a bond requirement for
the storage activity.
Buchman Law Firm, LLP can assist in the establishing
of a bonded warehouse facility together with crafting appropriate
guidelines to maintain proper record-keeping. The firm also
assists should there be an inquiry by Customs as storage compliance
at the premises, annual bond review, Customs product clearance,
standard effective tax rates for flavored spirits products,
requests for Harmonized Tariff Schedule classification, and
such other matters that may involve the National Import Specialist
and/or the Customs team that administrates alcoholic and non-alcoholic
beverages.
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