AMPS Is A Tool
Administrative Monetary Penalty System (AMPS) was introduced by Canada Border Services Agency (CBSA) in 2002, a tool used to enforce compliance. AMPS authorizes the CBSA to assess monetary penalties for non-compliance with Customs legislative, regulatory and program requirements. Canada Border Services Agency may impose monetary penalties based on the type, frequency, and severity of the infraction. Most penalties are graduated and will take the compliance history of the client into consideration. AMPS does not impact businesses who comply with customs requirements.If any information provided in the movement of commodities is misdeclared, CBSA has the right to issue monetary fines.
AMPS - How Would This Affect Your Bottom Line?
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