BIS and DDTC Announce New Harmonized Destination Control Statement and Other Required Information on the Commercial Invoice.
Written by :Jonathan Fink | August 17, 2016
In a joint announcement published in today’s Federal Register (Vol. 81 No. 159 August 17, 2016) the Department of State and Department of Commerce jointly published a Final Rule implementing a newly revised and harmonized Destination Control Statement (DCS) for ITAR and EAR transactions. The new regulations include other required data to be placed on the Commercial Invoice (see below). Note that the DCS is no longer required to be placed on the Bill of Lading, Air Waybill or other export control documents, ONLY on the Commercial Invoice. The new rule has a three month implementation period and becomes effective on November 15 2016. The new REQUIREMENTS are as follows: […]