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AMPS — Administrative Monetary Penalty System The AMPS penalty system was introduced in December 2001 and fully implemented over a period of 10 months in 2002. In a nutshell, AMPS replaces seizures and forfeitures with dollar-value penalties that correspond with the type, severity and frequency of contraventions of the Customs Act, Customs Tariff Act and Special Import Measures Act, among others. Enforcement is ensured through the linking of a company's compliance records with Customs facilities. The CCRA vigorously enforces its laws and regulations pertaining to import and export compliance. As the industry leader in customs brokerage and consulting services, MSR can help your company align itself with compliance in its practices, which will make all the difference in reducing the likelihood of your company running the risk of any AMPS penalties. In addition, our flagship import software system Visual Importer has been used successfully by a long list of clients to streamline their customs processes, maintain all-important audit trails, and stay on the lawful side of import compliance. If you have any inquiries about the AMPS penalty system and how we
can help make sure your company never has to deal with them, please contact MSR today at
1-877-328-7866, or send an email to info@msrcustoms.com. |
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MSR CUSTOMS + TOLL FREE 1-877-328-7866 + INFO@MSRCUSTOMS.COM |
