Navigating the Closure of Section 321 for Inbound Shipments from China: Transitioning to Type 01 Formal Entries
The recent closure of the Section 321 loophole for inbound shipments from China has sent shockwaves through the e-commerce industry. Retailers that relied on de minimis entries to bypass duties and streamline imports now face new compliance challenges. However, strategic adjustments, including transitioning to Type 01 formal entries with consolidated invoices, [...]