ACH

Question: When you receive a refund from US CBP via ACH, what EXACTLY does the payer show up as on the bank statement? Answer 1: Our refunds show as “CBP Treas…”.

Question: Each month the CBP debits our type 7 account via ACH for our entries during that period. The bank sends a total amount paid from our account but doesn’t tell me which entries make up that total amount. Is there a report on ACE that i can run that tells me which entries were […]

Question: Is there any way to test ACH refund before we get to IEEPA refunds?  I’ve set up our company for ACH refund, but it’s never been tested because we haven’t had any refunds issued to us since CBP rolled it out.  Now we’re looking forward to IEEPA refunds, and we’re thinking we’d like to […]

Question: Clarification on Payment Type would help a lot. I ran an ACE report and the payment type is scattered from 2, 6, 7 and 8.What is the difference between all of these?  I cannot find much explanation on Payment Type other than that on ACE Entry Summary Instructions. It’s best for treasury to receive […]

Question: Looking for information on issues and learning curve in applying for and getting set-up with ACH Debit or Credit to pay U.S. Customs directly. Once set-up, would like to understand the division of activities between the importer (Trade and Finance/Accounting) and the customs broker. Would greatly appreciate if members could share any flow chart […]

Question: Our accounting dept sent me a screenshot of a Customs duty withdrawal from our bank with a dollar amount and a 14-digit reference number.   Does anyone know who we can contact at Customs to find out what the charge was for?   I’m hoping they can provide an entry number if I give them the […]

Question: My company is entering into an ACH & PMS program with a broker for the first time.  I’m tasked with building the internal processes and systems to manage and oversee the program. What tips, useful information, ideas, and/or words of caution do you have about managing ACH & PMS with a broker? Answer 1: […]

Question: Is it possible to receive refunds from Customs via ACH? I have been advised it is not and that all refunds must be sent via check; however, I noted the following application process for refunds on CBP’s website: https://www.cbp.gov/trade/automated/ach/refund Are there certain limitations to what can be refunded using this process? I am interested […]

Question: My company is currently receiving physical checks for refunds related to the overpayment of duty but would like to apply for ACH refunds. Are there any limitations to the ACH refund process? Is there anything that should be considered before we apply for ACH refunds? Answer 1: I recently signed up for ACH refund […]

Question: Our company is new to the use of the monthly periodic statement process. Can anyone share best practices used to reconcile the monthly payments with actual entries? (using ACE reports or other) Answer 1: Obtain a list of entries and duties along with MPF, HMF and other fees included in separate columns in excel […]

Question: Is it possible for our broker to pay via their own ACH? As the Importer, we are not setup to pay CBP via ACH. Our broker is stating they pay via ACH. Would it be possible for our broker to be paying on ACH under PMS? My question is if they setup themself up […]

Question: We’ve had PSCs which were not paid via ACH.  How do we address to have adjusted duties owed to be paid on the PMS via ACH? Answer 1: Your question isn’t 100% clear but I believe you are saying that you submitted a post summary correction which caused additional duties to be owed to […]