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Recordkeeping Requirements Reminder (USA)

As a reminder for all Willson clients, we here at Willson eNews would like to take a moment to address US Customs recordkeeping requirements.  In part 163 of Title 19 of the Code of Federal Regulations, it outlines the record keeping requirements for brokers and importers.  The key piece of information is all records relating to the transaction must be maintained for five (5) years after entry.  As we start the New Year, please take some time to review the requirements and be sure that your company is in compliance with the requirements.