These concepts are premised on the idea that to maximize voluntary compliance with Customs laws and regulations, the trade community needs to be clearly and completely informed of its legal obligations.
In addition, both the trade and Customs share responsibility in carrying out import requirements.
[2] The principal features of the Mod Act are: Section 637 of the Mod Act amended section 484 of the Tariff Act of 1930 and imposed on importers for the first time a statutory duty to exercise "reasonable care" in providing CBP with accurate and timely classification, appraisement and other data upon importing cargo.
The Mod Act also contained several amendments to the enforcement powers of CBP.
Denning, Tracey, Customs Modernization Act Recordkeeping Requirements, The Federal Register.