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Sony's a global company, and we purchase and sell our product all over the world from southeast Asia to Europe, South America- everywhere in the world, and therefore it's important for us to have a department which will support that activity and also keep records for U.S. Customs, compliance, government regulation, et cetera.
Duty is a tax that the U. S. government places on imported products. It could be parts of a television. It could be the television itself. [Other countries also impose duties on imported products.]
U.S. record keeping requirements are very, very strict and if a company like Sony is found to not keep records to justify their actions or what duty that was paid, because it's usually done on an informed compliance basis, if Sony does not keep records to U.S. Customs' requirements, we may lose our edge in the market because we will not be able to import goods. Customs will stop our activity.
Informed compliance is a phrase that is used by U.S. Customs. They are expecting that each company is using informed compliance in all of their activities, meaning that they believe to know what is the right thing to do. Customs does not check every transaction. They trust that you know the right thing to do; thus informed compliance, compliance to U. S. Customs regulations.
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