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ARTICLE · 27 DECEMBER 2023

Customs Audits 101

Torres Trade Law, PLLC
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U.S. Customs and Border Protection ("CBP" or "Customs") is the U.S. agency tasked with addressing import compliance risks and evaluating internal compliance controls...

United StatesInternational Law
Olga Torres
Olga Torres
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U.S. Customs and Border Protection ("CBP" or "Customs") is the U.S. agency tasked with addressing import compliance risks and evaluating internal compliance controls implemented by importing companies. Pursuant to 19 U.S.C. § 1509, CBP may conduct an audit or other type of assessment to ascertain the correctness of import entries, determine an importer's liability for duties, taxes, fees, or any fines or penalties, and generally ensure that an importer is complying with the Customs regulations. Customs audits are also a highly effective revenue collection mechanism that assists CBP in promoting fair trade practices for American industry.

Depending on the type of audit or assessment conducted, CBP may inspect records or data required to be kept by an importer under the Customs regulations, analyze financial documents and import entries, and review a corporation's internal compliance controls. The scope of an audit or assessment may vary depending on CBP objectives

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