Administrative Monetary Penalty System (AMPS)
The Administrative Monetary Penalty System (AMPS) is a program used by customs authorities to enforce compliance with trade regulations. Under AMPS, penalties are imposed for violations such as incorrect documentation or late filings. This system promotes adherence to customs rules and regulations.
Related glossary terms
Customs broker
Customs broker is a licensed professional who clears shipments through customs on behalf of importers. Learn services, licensing rules, and when to hire.
Customs Brokerage
Customs brokerage is the service of clearing imports through customs, handling duties, paperwork, and compliance. Learn what brokers do and pricing models.
Customs Release
Customs release is official authorization allowing imported goods to enter the domestic market. Learn how it affects dwell time, demurrage, and inventory flow.
Compliance Statement
Compliance statement confirms detention and demurrage charges meet Federal Maritime Commission rules. Learn what it must include and when carriers issue it.
