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Exports of goods and technology are controlled in Canada under the Export and Import Permits Act (EIPA), which is administered by the Department of Foreign Affairs and International Trade (DFAIT).
The controls fall into two main categories:
The legislation has potentially severe penalties for non-compliance. If a company exports goods without submitting an export permit when one is required, this can result in a monetary penalty for the corporation and even imprisonment for one or more of its officers or directors. The Administrative Monetary Penalty System (AMPS) will also penalize Canadian companies that fail to report exports of controlled goods.
Many companies are unaware of the scope of these controls and the obligations associated with them. To prevent possible seizures and penalties, companies should consider if the goods they plan to export comply with the EIPA’s restrictions. PricewaterhouseCoopers can assist organizations with what they need to know about Canada’s export controls.
How PricewaterhouseCoopers can help
PricewaterhouseCoopers has a dedicated team of experienced professionals who can assist companies in planning and managing their export control compliance requirements.
Contact us today for more information on export controls.