New ACE Report Functionality to be Among Topics of Aug. 19 Webinar
U.S. Customs and Border Protection announced Aug. 1 the ability for importers to get specific information on the payment of merchandise processing fees, harbor maintenance fees and other fees in their Automated Commercial Environment reports. A demonstration of how to obtain this information will be included in an Aug. 19 webinar conducted by ST&R’s Tom Gould entitled “Using ACE in Your Compliance Program.”
“Importers have been asking for this capability for years, and many will be very excited about the ability to include this on their ACE reports,” said Gould. “Prior to this change importers could only add a single data element (total fees) that included the total of fees paid but did not have any way of breaking down the fees individually.” Now, CBP states, ACE users will have the ability to run certain reports and then modify them by adding the new data elements to include itemized fee amounts.
There are many reasons why information on these fees might be useful, Gould said. For example, many importers use this information to calculate the total landed cost for their products. Those using the reconciliation process use it to file their reconciliations. In addition, MPF data is useful in determining the benefits of establishing a foreign-trade zone.
However, there are some important things to know about this new functionality. Gould’s Aug. 19 webinar will include more information, including a walk-through of the process for obtaining the fee information.