Proposals to De Minimis Customs Rules Spike US Importer Interest

The US customs de minimis rule, found in §321 of the Tariff Act of 1930, is currently being reexamined by Congress due to concerns about its potentially negative impact on domestic industries and possibility for abuse. The rule exempts small-value parcel shipments from duties, taxes, and the standard customs formalities. The current threshold is set at $800, which means goods can be imported by one person on one day into the US with a value of $800 or less without being subject to duties or taxes, nor are importers of these goods generally subject to formal filing requirements at ...