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Annual Sales Reports

News & Blog

Wilmarth and Associates - Taking Notes

Annual Sales Reports

Annual Sales Reports are required to be submitted to DDTC for Warehouse and Distribution Agreements and Manufacturing License Agreements. These report should only include what was manufactured (MLA) or distributed (WDA) from the foreign party, not what was exported to the foreign party from the U.S. party. Only actual transfers of hardware by the foreign party should be incorporated into the report- future sales should not be incorporated into the yearly report, but are to taken into account for the reporting year for when they are actually shipped.  The report must include the items sold/manufactured, the recipient, quantity, and dollar value.

 

After the foreign consignee completes the report, the U.S. party will either upload the report to DECCS or mail the report to DDTC, depending on the date of the agreement and whether it was a paper agreement or submitted through DECCS or D-Trade. The report should be submitted by January 31st of each year. If no sales have been made against the agreement during the year, a report of No Sales must be recorded with DDTC.


This Blog is made available by Wilmarth & Associates for educational purposes as well as to give you general information and a general understanding of export law and compliance, not to provide specific legal advice. This blog is not legal advice and should not be treated as such. You must not rely on this blog as an alternative to legal advice from your attorney or other professional legal services provider. The information provided on this website is presented “as is” without any representations or warranties, express or implied.
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