Importer Security Filing Penalties - $5,000

Four factors that may cause a loss of integrity in the ISF may result in liquidated damages. These include;

Failure to submit,
Late submission,
Failure to update,
Failure to withdraw.

Penalty amounts are $5,000 per Importer Security Filing transmission up to $10,000. The first and second violations made by the company may be forgiven for less than the $5,000 penalty.

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Importer Security Filing Mitigation Guidelines

There will be 6 ISF mitigation factors used to determine the strength of the liquidated damages and whether or not the penalties are dismissed.

Progress of the importer’s Importer Security Filing program,
Percentage of ISFs containing violations,
Tier 2 & 3 C-TPAT members will receive consideration up to 50 percent,
Action taken by the importer after a violation has occurred,
Circumstances beyond the importer’s control,
Inaccurate information received by another party within the supply chain.