What are U.S. Customs record keeping requirements?
U.S. Customs requires importers to maintain copies of certain documents relating to their U.S. Customs transactions for a period of five years. Customs has the legal right to audit your company to determine whether or not your organization is compliant. Importers that fail to comply expose themselves to severe civil and monetary penalties. PBB’s Trade & Regulatory Services can consult with you to ensure that your company has standardized procedures in place to maintain records.