BIS Export Licenses Now Being Decremented in AES
The Bureau of Industry and Security reports that on July 28 it deployed a new function in the Automated Export System to help filers reporting BIS-licensed exports to better track their own license usage and identify potential filing errors so that corrective action can be taken immediately.
Specifically, AES is now decrementing the BIS export license value and returning one or more informational messages to the filer. Depending on the circumstances of the filing, the filer may be notified:
- that the BIS license value has been met or exceeded by a prior filing;
- that the BIS license value has been exceeded by the current filing;
- that the allowable shipping tolerance (ten percent over BIS license value) has been exceeded by the current filing; or
- of the remaining value on the BIS license (may be negative).
BIS notes that these messages do not preclude the issuance of an internal transaction number, nor will they result in a fatal error.
ST&R will be conducting a webinar on export licensing Sept. 15. Click here for more information or to register.