Tag: Updates

Imagine paying tariffs based on a marked-up price that includes a middleman’s fees, rather than the true purchase cost. Since 1992, the First Sale Rule has helped importers avoid exactly that, allowing them to base dutiable value on the original transaction price rather than the final inflated one. But proposed legislation, the Last Sale Valuation Act, could bring that relief to an end.

A recent arrest tied to a significant fraud ring highlights the powerful results that can be achieved through advanced risk management, real-time intelligence and coordinated teamwork. On Friday, March 20, law enforcement apprehended suspects in Forest Hill, Maryland, marking a major milestone in an investigation that directly impacted NACM-member businesses.

Bylaws are the regulations of an association as they define the structure and administration of an organization. They contain the basic rules for the conduct of the association’s business and affairs, providing guidance about the governing body, its elections and meetings. They also govern the way an organization functions as well as the roles and responsibilities of its Board of Directors and Committees.