CCRA expected to delay AMPS enforcement until April 15
OTTAWA (Jan. 15, 2002) — The Canada Customs and Revenue Agency said it may extend the grace period for enforcing the Administrative Monetary Penalty System, a system of fines for importers who break customs rules, until April 15, 2002.
The AMPS program took effect on Dec. 3, 2001, along with its Customs Self-Assessment program. CCRA established a grace period on enforcement until April 1, 2002, during which time the previous system of penalties applies.
AMPS fines range from $25 to $25,000 depending on the type, frequency, and severity of the infraction. CCRA calls the penalties “corrective” rather than punative.
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