Post Entry Amendments

Post Entry Amendments

  • PEA GUIDELINES

    uestion: I have a set of guidelines (see below) for submitting PEAs to CBP butdon’t know where I got them from so I am not sure if these are a specificcompanies guidelines or CBPs guidelines. Can the ICPA membership direct me to where I can find the PEAGuidelines? Or, can you attache the specific directive […]

  • BINDING RULING, PEA,VOL DISCLOSURE OR PROTEST

    Question: I believe that a classification used regularly over the past 5 years isincorrect and the correct one would change the duty rate from 3.4% to 0. Given how subjective classification decisions are it could be argued that aclassification with a 3.1% or 6% duty rate might apply. We feel we canstrongly support the one […]

  • POST ENTRY CORRECTIONS ON ITALY MIS-SHIPMENTS

    Question: We have some Italian suppliers who claim that they cannot revise an invoice in the event of a mis-shipment. They are willing to issue a credit for an overage, but will not take product back or amend the original invoice to account for the overage or shortage. This creates issues with amending the entry […]

  • REVISED INVOICES FOR PEA

    Question:When dealing with PEA’s for receipt quantity overages, I’m wondering whether or not the members obtain revised invoices from their vendors to show the actual amount received.   Is a revised invoice necessary for the PEA, or can the IOR provide a memo as to the additional quantity received to tender the additional duties?    We typically […]

  • PEA

    Question: I have several Post Entry Amendments (PEA) where the difference in duty isless than $20.00. The liquidation dates are before the current quarterlyreporting is due, but were not caught in time to put on our first quarterreport. I had several of these kind that were submitted as single PEAswithout payment more than 20 days […]

  • Use of Quarterly PEA for Valuation Adjustments

    Question: Just wondering if any of the membership can point me in the right directionof the regs or other source regarding the use of the quarterly PEA process.I did not know the quarterly PEA could be used to correct the valuation ofall or many of your entries during the quarter. I thought you would need […]

  • Handle incorrect COO/COE on 7501

    Question:I am having a discussion with one of my brokers relating ot Country of Origin and Country of Export as listed on the 7501. I took a report out of ACE and ran some data comparisons looking for problems.   The 9802’s were minimal, but there.  They are slated to be fixed and the filing […]

  • FILING PEA’S

    Question:Have just realized several shipments do not qualify for AGOA because they failed to meet the 35% regional cost value.  It will take me several weeks to go through these files and get the entries corrected. Do I notify customs that I am aware of the problem and am fixing it or do I just […]

  • CORRECTION VALUATION POST ENTRY

    Question: I am quite sure I read a similar question recently but have reviewed thelibrary and cannot find it. So let me apologize for the repeat. In auditing our import files we find the entered value may not 100% ofthe time match what accounts payable actually paid the vendor. Thistypically happens when purchasing has not […]

  • POST ENTRY PRICE ADJUSTMENTS

    Question:Sometimes we have changes to prices (e.g., discount because of late shipment or quality) before export but after the import license has been issued in Brazil.  We are looking for a way to ship using the revised price when the change is outside the allowed tolerance between the pro forma invoice/import license and the commercial […]

  • QUARTERLY PEA FOR APPAREL

    Question: I have a question for the apparel importers in ICPA. Recently, I have been given the responsibility of reporting our overages/shortages via a Quarterly PEA.  As an importer of items in Chapters 50 through 65, it appears that we are required to submit Individual PEAs when the EV of the merchandise is $3k or […]