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Least developed country tariff extended

Posted by Apparel October 28th, 2023

Least developed country tariff extended

Canada has extended the Least Developed Country Tariff (LDCT) for 10 years, beginning Jan. 1, 2025. The renewal was first announced in the federal budget in March, and the final regulations were released in October. Important changes will take effect in 2025, including a simplified rule of origin and modernized customs procedures.   CAF will host a webinar before the end of this year to outline the changes. This webinar will be open to CAF and VQ members only.   …

CBSA clarifies Customs Valuation issue

Posted by Bob Kirke September 28th, 2023

CBSA clarifies Customs Valuation issue

Earlier this year, the Canada Border Services Agency (CBSA) tabled proposed regulations that would have added major uncertainties to the customs valuation process.     In particular, the proposal from CBSA implied that the value for duty calculations might be based on domestic transactions: for example, the wholesale price charged to a retailer by a Canadian wholesaler. In July, the Canadian Apparel Federation (CAF) worked with hundreds of apparel companies across the country to bring the industry’s concerns to CBSA. …

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