Voted Best Answer
Jul 02, 2017 - 05:13 AM
The United States government has the statutory right to regulate the export of certain controlled classes of products. This regulation is performed by the requirement to obtain a license prior to the shipment of certain types of goods. All products can be classified under the federal statute and accompanying regulations.
Under the Export Administration Regulations, each product can be classified into categories known as Export Control Classification Number (ECCN). Based upon a product’s, ECCN, certain restrictions are imposed based upon the type of product and the country to which it is being shipped. Unless restrictions are placed on a product in a given ECCN, companies are free to ship that product without a license. If restrictions are in place, a license must be obtained before the product can be shipped. Civil and criminal penalties for violation exist and financially begin at approximately Ten Thousand Dollars ($10,000.00) per prohibited transaction.
The full article can be found here: http://www.btlg.us/News_and_Press/art...