BIS - Reports of defense articles, services sold to foreign countries, subject to offsets agreements due June 15 

April 3:  The Bureau of Industry and Security (BIS) of the U.S. Commerce Department today released for publication in the Federal Register a notice as a reminder to U.S. firms that they must report annually to the Commerce Department, information concerning contracts for the sale of defense articles or defense services to foreign countries or foreign firms that are subject to offsets agreements exceeding $5 million in value.

According to the BIS notice [PDF 25 KB] U.S. firms also must report annually to Commerce information on offsets transactions completed in performance of existing offsets commitments for which offsets credit of $250,000 or more has been claimed from the foreign representative.


This year, these reports must include relevant information from calendar year 2013 and must be submitted to Commerce no later than June 15, 2014.



For more information, contact a professional with KPMG’s Trade & Customs practice:


Douglas Zuvich

(312) 665-1022


Andrew Siciliano

(631) 425-6057


John L. McLoughlin

(267) 256-2614


Todd R. Smith

(949) 885-5617


Luis A. Abad

(212) 954-3094


Amie Ahanchian

(202) 533-3247


Or your local KPMG Trade & Customs professional.




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