Canada Requiring Export Summary Reporting Program Participants to Reapply
The Canada Border Services Agency indicated last week concern about the potential misuse of the export summary reporting program, which allows exporters who meet specified criteria to report required export data in a single monthly summary report. To ensure that this program only includes participation from companies who are reporting the bulk and/or homogenous goods for which the program was intended, the CBSA is requiring each participant to complete a new SRP application form and submit it by mail or fax no later than Jan. 30, 2012. Failure to comply will result in the revocation of an exporter’s existing written confirmation to report its exports monthly.
When an application has been processed and the CBSA determines that the applicant meets the requirements to export monthly, a new SRP number that identifies the applicant as an export summary reporting participant will be issued. Existing SRP identification numbers will run concurrently with the new numbers for 60 days after the application deadline, thus allowing for a two-month grace period with no applicable administrative monetary penalties issued until April 1, 2012. Approved applications will be valid for five years and participants must re-apply at least 90 days before the effective expiry date to continue to use the export summary reporting option.