Question: We want to understand when an importer filing reconciliation value changes on entries having IEEPA, if ACE requires the importer to pay additional IEEPA or is there a way to not pay IEEPA? Asked by: Fran Tallant – frances.tallant@olympus.com Answer 1: This year we conducted our full, fiscal year analysis and calculations, but then […]
Question: We are looking to understand how other importers are handling entries flagged for reconciliation in the context of IEEPA refunds and CAPE processing. We understand that entries flagged for reconciliation are not eligible for CAPE Phase 1. However, we are interested in how the community is approaching situations where a reconciliation is required, but […]
Question: Hello Membership,In light of the Supreme Court decision on IEEPA duties, determining that they are illegal, can anyone in the community advise on how value reconciliation (for assists) will be paid? We flag all our entries for value reconciliation and pay the additional duties for assists quarterly based on the 18-21 month timeframe allowed. […]
Question: Hi all, is value recon able to be filed on entries that have previously had PSCs? Are there any special instructions needed for these types of entries? Answer 1: The PSCs must be complete before filing the recon. Answer 2: Yes, just make sure PSC has been accepted and ACE updated. If PSC’s […]
Question: Question – We are enrolled Reconciliation, however we have been advised that if the price decreases we cannot submit for refunds. 19CFR 152.103b. Do any of the membership submit price decreases that results in a refund from US Customs? Answer 1: If you are talking about an overall refund from CBP, yes, we have […]
Question: Question – We are enrolled Reconciliation, however we have been advised that if the price decreases we cannot submit for refunds. 19CFR 152.103b. Do any of the membership submit price decreases that results in a refund from US Customs? Answer 1: If you are talking about an overall refund from CBP, yes, we have […]
Question: Question – We are enrolled Reconciliation, however we have been advised that if the price decreases we cannot submit for refunds. 19CFR 152.103b. Do any of the membership submit price decreases that results in a refund from US Customs? Answer 1: If you are talking about an overall refund from CBP, yes, we have […]
Question: We are a door lock manufacturer. We have service fees for a variable of items. Examples would be, for our keys there may be a stamping fee (stamp logo on key). The fee is on the customer invoice, but not on the commercial invoice (which ships with the product). Should we be adding these […]
Question: Does Mexico have a program similar to the US, that allows value reconciliation? Answer 1: No, Mexico does not have a reconciliation program like the U.S. If adjustments are necessary, i.e. transfer price adjustments, then a new declaration mist be submitted. Your Customs Broker can prepare and submit. Be aware MX Customs does have […]
Question: Does Netherlands, China, Australia, Argentina, Mexico, and Canada have the same type of reconciliation process as the US? Do entries need to be flagged for RECON? Do they allow reconciliation by aggregation? Where can I find a good resource? Answer 1: We do an assist declaration to EU Customs for our legal entity in […]
Question: We received a Notice of Liquidated Damages for full value of entries for not filing Reconciliation on a few entries. Reconciliation WAS filed, only a day or two after the Notice was issued. We are going to petition for mitigation. As I read the Mitigation Guidelines for failure to file, “Subsequent filing of Reconciliations […]
Question: Can someone in the membership share which ACE report/reports they are using to ascertain the precise due dates for entries flagged for reconciliation? Answer 1: Under the Entry Summary Reports tab, select Reconciliation, then ES-501 Recon No Files. Look under column titled Reconciliation (other) Due Date. You can put the Recon Due Start Date […]
