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 […]
QUESTION: We are looking at self filing for all of our 12 IORs; currently we use brokers to pay duties. As the parent company, we have one ACH account and our treasury department wants to use one bank account to pay CBP via ACH debit for each of our IORs. At this point, they refuse […]
QUESTION: We are looking at self filing for all of our 12 IORs; currently we use brokers to pay duties. As the parent company, we have one ACH account and our treasury department wants to use one bank account to pay CBP via ACH debit for each of our IORs. At this point, they refuse […]
QUESTION: We are looking at self filing for all of our 12 IORs; currently we use brokers to pay duties. As the parent company, we have one ACH account and our treasury department wants to use one bank account to pay CBP via ACH debit for each of our IORs. At this point, they refuse […]
QUESTION: Our company is gradually getting set up on ACH debit for all our imports. Tons of EIN to handle.Recently, an import for one of the already set up EINs could not go through ACH (debit); the broker received an error message saying the EIN was not part of the PMS (Periodic Monthly Payments). Question: […]
QUESTION: We are trying to research the ability to consolidate ports for our Customs ACH statement and wondering if the community is able to point us in the right direction. ************* Answers:We pay on average about 15+ ports per month on ACH PMS and each port submits their own statement daily and monthly. The payment […]
QUESTION: We are trying to set up our company on ACH (mulitple divisions) .After sending form 400 and being asked for a 5106, all has been going smooth and the PUN was finally obtained for some of our divisions. We then continued to go one EIN at a time for the next batch of divisions […]
QUESTION: Can a nonresident importer use ACH debit and PMS? If so, are there any restrictions on US based Trade Compliance team completing the application/initiating the process or does it need to be managed by nonresident? =========== Answers: Any established IOR can file for PMS, and NRI is an established IOR. Likely you would need […]
QUESTION: Due to Customs debiting duties the month after they occur, we are internally required do an accrual for those duties. The accrual is due around the 5th of the following month (ie duties incurred in September, duties debited by Customs in October). We clear our freight 5 days prior to arrival. In addition to […]
QUESTION: I have my company 99% of the way convinced to move forward with ACH Debit PMS. (Hooray!) Our AP dept would like to keep an approval process for debits in place for this program. That means, under the standing internal and banking process, payment would be delayed by one business day. This, of course, […]
QUESTION: Looking for the pros and cons of ACH Credit and ACH Debit. ========== Answers: ACH debit has huge advantages. You can better control your cash flow because you know the exact day that funds will be transferred to CPB. Using ACH reduces administrative and check processing costs, reduces reconciliation costs and simplifies accounting. Also […]
