Effective July 2, 2008, the Census Bureau is requiring mandatory filing of export information through the Automated Export System (AES) or through the AESDirect for all shipments where a Shipper’s Export Declaration (SED) is required. They are also providing the trade an additional 90 days to implement these new requirements. After the 90-day implementation period, which ends September 30, 2008, you must file your export information electronically through the AES or AESDirect. Non-compliance to these new rules can result in some serious fines.
Click here to learn more about the SED changes…
One has to wonder why it is so hard to export goods when there is such a large imbalance between our imports and exports!
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