- There will be no annual registration fee for exporters who solely export non-automatic or semi-automatic firearms or their components or accessories.
- The $100 worldwide exemption under the ITAR will increase to $500 and will cover almost all firearm parts (all parts for exports to Canada).
- Some firearm parts will no longer be export-controlled at all.
- Stocks, grips, scope mounts, accessory rails, iron sights, sling swivels, butt plates, recoil pads, and bayonets will not require an export license to most countries.
- Obtaining licenses, when required, won’t be cost-prohibitive.
- There is no fee for EAR licenses (in contrast the $250 per license fee under the ITAR).
- The only license supporting document that will be required for an EAR license will be an import permit from the destination country or a statement that an import permit is not required.
- The employee and customer time spent under the ITAR in obtaining license supporting documents that comply with DDTC technical requirements will go away.
- Under the EAR, there will be significant opportunities to automate all or most of the export licensing process and to drive licensing through the company’s ERP system.
- Formulation of EAR-driven international sales and sourcing strategies.
- Preparation of export licenses and provision of other “export compliance department” services on an outsourced basis.
- Practical advice on making near-term decisions under the ITAR that will be affected by the new rules.
- Development of integrated export and ATF compliance solutions for transitioning to the post-ITAR world.
Contact Orchid Advisors for your no-charge consultation.
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