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What are the penalties for not complying with CBPs reporting requirements?

April 26, 2017CBP complying penalties requirements

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What are the penalties for not complying with CBPs reporting requirements?

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CBP implemented the reporting requirements using a phased-in approach. Enforcement began December 15, 2004. If the carrier does not comply, the fine may be as much as $5000 for the first violation and $10,000 for each subsequent violation.