Tuesday, October 7, 2008

Export Rules Eased on Foreign-Made Goods with U.S.-Origin Components

(World Trade Interactive)

The Bureau of Industry and Security has revised its regulations on export controls for foreign-made items that incorporate controlled U.S.-origin goods (the de minimis rules). According to the BIS, this rule changes the de minimis calculation for foreign-produced hardware that is bundled with U.S.-origin software, clarifies the definition of “incorporate” as it is applied to the de minimis rules and the medical statement of understanding, removes the requirement to submit a one-time report for foreign-made software that incorporates U.S.-origin software, and revises the “Steps for Using the EAR” and General Prohibition Two with regard to the de minimis rules. This interim final rule is effective as of Oct. 1 and comments on it are due by Dec. 1. Read the complete article.