Customs recently issued a message on their Cargo Systems Messaging Services concerning Automated Commercial Environment (ACE) accounts. The message read: This is a reminder that CBP bills for supplemental duties, taxes and fees, or vessel repair duties are due thirty (30) days from the date of the bill. Any bill not paid during this timeframe … Read more
Our office is now notifying bond principals via email of any claims issued by CBP against the bonds we handle. Therefore, it is important to ensure that our office has the most current contact information for a bond principal to ensure timely responses to Customs on claims. Please contact our Claims Department, claims@cashea.com, if there … Read more
Liquidation is the process of final review of an entry by Customs which occurs approximately one year after the entry date for a typical consumption entry. In accordance with 19CFR 159.1, liquidation means the final computation, or assessment of duties on entries for consumption or drawback entries. Presently, the liquidation cycle utilized by CBP is … Read more
Effective January 9, 2013, CBP amended the guidelines for the acceptance of untimely petitions and mitigation of claims replacing the previous guidelines. After a liquidated damage claim is issued, an importer/bond principal may file a petition for relief within 60 days of the date of the claim notice to request the claim be cancelled lowered … Read more
Please take note CBP has issued the following administrative message on June 7, 2013 with respect to ISF enforcement: In order to achieve the most compliance with the least disruption to the trade and to domestic port operations, CBP has been applying a measured and commonsense approach to Importer Security Filing (ISF or 10+2) enforcement. … Read more
There has been a recent spike in the number of new supplemental duty bills issued to importers since the start of the new year. This is due in large part to the retroactive increase of the Merchandise Processing Fee (MPF) enacted by Congress under the Trade Adjustment Assistance Extension Act of 2011. It was signed … Read more
CBP has announced effective January 9, 2013 it will be amending the guidelines for the acceptance of untimely petitions and mitigation of claims replacing the previous guidelines. After a liquidated damage claim is issued, an importer may file a petition for relief within 60 days to request the claim be lower based on mitigating circumstances … Read more
Cited below are some the most common violations seen by our office by bond type. The majority of the violations giving rise to the issuance of liquidated damage penalties by CBP are the result of missed deadlines. Bond principals should always look for ways to create fail-safes and streamline compliance. Activity Code 1: Importers, make sure … Read more
Customs and Border Protection (CBP) is in the process of making significant changes to its disposition of liquidated damage claims. One such change is to the amount CBP will assess upon mitigation of an initial claim for liquidated damages, upon receipt of a petition seeking relief and/or demonstrating the existence of mitigating factors. Preliminary indications … Read more
Liquidation is the process of final review of an entry by Customs which occurs approximately one year after the entry date for a typical consumption entry. In accordance with 19CFR 159.1, liquidation means the final computation, or assessment of duties on entries for consumption or drawback entries. Presently, the liquidation cycle utilized by CBP is … Read more
