Question: >From the regs: (b) When entry summary serves as entry and entry summary. When an entry summary serves as both the entry documentation and entry summary, in accordance with § 142.3(b) of this chapter, the time of entry will be the time the entry summary is filed in proper form with estimated […]
Question: >From the regs: (b) When entry summary serves as entry and entry summary. When an entry summary serves as both the entry documentation and entry summary, in accordance with § 142.3(b) of this chapter, the time of entry will be the time the entry summary is filed in proper form with estimated […]
QUESTION: I have a situation where one of our divisions recently purchased product from the same vendor our company uses. Because my company also have product coming out of this factory at the same time, and because the product is going to the same 3PL, we advised the vendor to consolidate the two […]
Question: I have a situation where one of our divisions recently purchased product from the same vendor our company uses. Because my company also have product coming out of this factory at the same time, and because the product is going to the same 3PL, we advised the vendor to consolidate the two […]
Question: I would like to know if the two import scenarios below are being handled correctly in terms of entry documents and being able to show cradle-to-grave transactions. Scenario 1 US Company A purchases from a related party overseas, Company B. Company B issues a purchase to another third related […]
Question: We have multiple moves at the southern border each day into the US from Mexico and the broker files a 7501 for each truck load. This is very costly. I have requested for the broker to consolidate and file one entry summary, citing […]
QUESTION: I am the owner of a dry shipper which is used in the pharmaceutical industry to ship perishable drugs at cryogenic temperatures. We rent/lease these shippers to various drug companies for their own use. Some dry shippers are sent overseas and empty shipper returning to the lessee for their use again. The […]
Question: 1) the 7501 instructions indicate to round down to zero any items valued at less than 50 cents. It seems as though ABI provider software automatically makes this calculation. How can one have an imported line worth and reported as zero ? 2) when re-importing an item under 9802 having a […]
Question: We recently received an “Entry/Summary Rejection Form” from CBP. On the form we are listed as the imported and our broker is listed as the filer – all correct information. In section 2 of the form it gives a place to fill in the Filer contact information and Filer response. As a company, […]
Question: I have run into a situation where a broker is declaring up to 6 invoices as one line item on the 7501. Beyond the risk of manually calculating the values incorrectly and declaring the wrong value and not being able to track by invoice number, are there other reasons each invoice should […]
Question: Have a question to the membership regarding informal and formal entries. I’ve been away from the compliance side for awhile and seem to recall that at my old company I instructed the brokers to clear informal entries as formal entries (we did not have many and the $2 to $25 MPF did […]
QUESTION: How do some of the members in the importing community deal with supplier payment variances caused by fluctuations to the exchange rates (i.e. paid in one rate of exchange based on best market value vs. the rate of exchange used by CBP on date of export from the bank of NY)? Are corrections made […]
