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 […]
QUESTION: Our broker is trying to add charges onto our 7501, but if it doesn’t fit the definition of an assist, does it belong on the 7501? The fee covers cartage, banking charges, warehouse and customs clearance
Question:We are a small importer and we self – file our own entries and ISF’s. We would like to start Unified entry filing. Does anyone in the membership know how it works? And how the actual entry will be certified? Is there a flexibility to change the information on the freight location and the arrival […]
Question: How is a 3461 ALT used, (e.g. only for land crossings?)?Under what circumstances is a 3461 ALT used (e.g. mostly for produceshipments or another specific commodity?)?What data elements are required on the 3461 ALT? If you have an example of the 3461 ALT that you can share, it would beappreciated.
Question:We have just been informed by Customs that they consider it an error that we do not amend entries when goods are returned to the supplier. The exact circumstances are that goods which are duty free were imported for subsequent sale to distributors, but about 2-3 months after importation, we decided to return the goods […]
