Schuyler "Rocky" Reidel’s Post

AHA and AHRMM support incentivizing greater domestic manufacturing of essential medical supplies, improving the resiliency of the health care supply chain and diversifying the manufacturing base, but is concerned that these tariffs will lead to higher prices for high-volume medical supplies such as PPE and syringes that will exacerbate and prolong the financial headwinds that hospitals face today. Read Article: https://ow.ly/429e50RIvu6

‘Medical products will see tariff increases ranging from 7.5% to 50% in 2024. Tariff rates on syringes and needles will increase from 0% to 50% this year. Certain personal protective equipment (PPE), including certain respirators and face masks, will see tariff hikes from 0-7.5% to 25% this year. The White House also noted that tariffs on rubber medical and surgical gloves will increase from 7.5% to 25% in 2026.’ #TradeTariffs #MedicalDevices #MedTech #PPE #MedicalSupplies #TariffHikes #HealthcarePolicy #TradePolicy #MarketRegulation

Recently, CESTAT in the case of [Nano Hospitals Pvt. Ltd. vs. Principal Commissioner of Customs] addressed the issue of what should be considered as 'Waste' on the basis of the residual 'value' and 'life' of the medical devices, as was certified by the Chartered Engineer in the present case. In this case, the Appellant had imported second hand/ refurbished medical devices i.e dialysis machines, CT Scanners, and ventilators, however the said items were confiscated by the Customs Authority in India on grounds of them being "used Critical Care Equipment", as these items are prohibited for import under the Hazardous and other Wastes Management Rules, 2016. The Appellant in this case (Nano Hospital) preferred an Appeal against the confiscation of their goods, which was later rejected by the Authority. Aggrieved, the Appellant filed an Appeal in CESTAT (Customs Excise and Service Tax Appellate Tribunal), Hyderabad . The Argument put forward by the Appellant was that the devices, were certified by a Chartered Engineer and had a residual life of 5 years or more, making them non-hazardous waste. They emphasized the intended use in their hospital and the good working condition of the devices. The appellant raised concerns over the absence of a Show Cause Notice (SCN), as mandated by the Customs Act, during the legal proceedings which is mandatory under Section 124 of the Customs Act. By virtue of this CESTAT Hyderabad ruled in favor of the appellant, stating that the imported medical devices did not meet the criteria for classification as hazardous waste. The also deemed the absence of an SCN as a fundamental flaw, stripping the adjudicatory authority of its jurisdiction. Eventually, Nano Hospitals secured relief from confiscation, penalties, and clearance delays, marking a significant victory in the legal battle against customs authorities. The key takeaway from this case highlights the importance of having - (i) Proper Documentation - The certification provided by the Chartered Engineer in determining the residual value of the devices. (ii) Understanding Regulatory Framework - Importers need to have a clear understanding of the regulatory framework governing the import of goods, especially when dealing with sensitive or restricted items such as medical devices #medicaldevices #customs

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The impact of higher duties will also affect customs import bond amounts. CBP’s reviewer bond formula for continuous import bonds is 10% of an importer’s total duties, taxes, & fees paid in a rolling 12 month period. Having a sufficient bond is an informed compliance requirement. #bondsarenotboring

Air freight shipping is a quick and effective way to transport goods across the world. Some of the goods mostly shipped by air are; pharmaceuticals, perishable goods and electronics. This article explains air freight shipping in details and how to go about it. https://bit.ly/3Y8FphR Contact us for quote; [email protected] / +1(800)-413-2452 #globalshipping #airfreight #airshipping #supplychain #internationalshipping

📈 Impact of Biden's Tariffs on Chinese Medical Supplies The Biden Administration's tariff hikes on Chinese medical supplies aim to boost domestic manufacturing and address safety concerns. Key products affected include syringes (50% tariff), respirators and face masks (25% tariff), and rubber gloves (25% tariff by 2026). This shift could reduce dependency on Chinese imports but may lead to higher prices and potential supply chain disruptions. Domestic manufacturers are preparing to meet increased demand, yet the American Hospital Association warns these tariffs could financially strain hospitals. 🔗 Read more #Healthcare #MedicalSupplies #Tariffs #DomesticManufacturing #SupplyChain #BidenAdministration

I talk about Section 321 a lot, highlighting its benefits to American brands and explaining how to use it effectively. But, I've realized I've never specified which types of businesses stand to gain the most from Section 321. So, here are a few ways we determine if Section 321 is right for our customers: 👉 If you're already selling to U.S. customers As an e-commerce/DTC brand that primarily ships to the USA, you might be paying duty fees that you could be exempt from. We've seen some of our customers save up to 15%-20% in tariffs/duties by leveraging Section 321. 👉 If most of your customer orders are under $800 To benefit from de minimis, the value of your item(s) must not exceed $800. So, as long as your customer orders are under that threshold value, you qualify to utilize Section 321. It's important to note that some items are exempt from Section 321, including products needing inspection, products subject to Countervailing or Anti-Dumping Duty, products regulated by agencies like the FDA, and cigarettes and alcohol. 👉 If you're looking to save money on taxes/duties Import taxes and duties for American brands can range from 5%-20%, and for apparel, it can be as high as 30%-40%. That’s a lot of $$$ that you can reinvest back into the business. De minimis can effectively eliminate these extra costs, benefiting not only larger enterprises but also SMBs. 👉 If you're looking for faster shipping/clearance into the U.S. Section 321 shipments require very little customs paperwork, and the clearance process is very fast. As long as all the goods meet the rules and regulations, your packages will be approved and will move faster to get to your end customers. If these points resonate with your business and you believe you could greatly benefit from using Section 321, feel free to drop me a DM. I'd be happy to help 🙌 #section321 #deminimis

The #CBIC, via Notification No. 41/2024-Customs dated July 31, 2024, has made amendments to its principal Notification No. 50/2017-Customs dated June 30, 2017. These changes will be effective from August 01, 2024. A new entry, S. No. 606A, has been added to the notification. This entry applies a 10% standard rate on all goods, excluding #undenatured #ethylalcohol, imported for use in #laboratories or for #ResearchandDevelopment (R&D) purposes. The specific details are as follows: S. No. 606A: - Chapter or Heading or sub-heading or tariff item: 9802 00 00 - Description of goods: All goods (excluding undenatured ethyl alcohol of any #alcoholic strength) for use in:  - (i) Laboratory; or  - (ii) Research and Development purposes. - Standard rate: 10% - Integrated Goods and Services Tax: None - Condition No.: 123 Additionally, a new condition, Condition No. 123, has been inserted in the Annexure: Condition No. 123: - The #importer must submit an undertaking to the Deputy Commissioner or the Assistant Commissioner of #Customs stating that the imported goods will be used solely for laboratory or R&D purposes and will not be sold or traded after importation. If this condition is not met, the importer will be liable to pay the applicable duty for the quantity of #goods not used for the specified purposes. This notification is issued under the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962, and sub-section (12) of section 3 of the Customs Tariff Act, 1975, with the #government being satisfied that it is in the public interest to make these amendments. The changes come into force on August 01, 2024. #interlinkcapital

The U.S. is raising #tariffs on #medical devices imported from #China as part of the administration's broad-sweeping tariff hikes announced last week. With tariffs on syringes and needles jumping from 0% to 50%, and similar increases for other critical medical supplies, #manufacturers are grappling with the potential for disrupted #supplychains and increased production costs. And it comes just as manufacturers are recovering from the global supply chain crisis that plagued industry during the COVID-19 pandemic. Our #CEO Dave Evans at Fictiv comments on this latest round of challenges and how these tariffs and disruptions make the case for #digitalmanufacturing. Read more... #medicaldevices #injectionmolding #reshoring #supplychaindisruptions