News
Print PDF

Practice Areas

Related Webinar

Customs Recordkeeping: What You Need to Know

CBP Reviewing Info Collections on Broker Exams, Import Costs, Duty-Free Goods, FTZs

Tuesday, July 18, 2017
Sandler, Travis & Rosenberg Trade Report

U.S. Customs and Border Protection is accepting through Aug. 14 public comments on the proposed extension of the following information collections.

Broker Exams and Licenses. An individual who wishes to take the customs broker license examination or apply for a broker license must complete, as applicable, CBP Form 3124E, Application for Customs Broker License Exam, or CBP Form 3124, Application for Customs Broker License. The procedures to request a local or national broker permit can be found in 19 CFR 111.19 and a triennial report is required under 19 CFR 111.30.

Cost Submission. CBP Form 247, Cost Submission, includes details on the actual costs of imported goods and helps CBP determine which costs are dutiable.

Duty-Free Goods. CBP Form 7523, Entry and Manifest of Merchandise Free of Duty, Carrier’s Certificate and Release, is used by carriers and importers as a manifest for the entry of goods free of duty under certain conditions. It is also used by carriers to show that articles being imported are to be released to the importer or consignee and as an inward foreign manifest for vehicles of less than five tons arriving from Canada or Mexico with goods conditionally free of duty.

Foreign-Trade Zones. FTZ operators are required to account for zone merchandise admitted, stored, manipulated, and removed from their zones and must prepare a reconciliation report within 90 days after the end of the zone year for a spot check or audit by CBP. In addition, within 10 working days after the annual reconciliation, FTZ operators must submit to the CBP port director a letter certifying that the annual reconciliation has been prepared, is available for CBP review, and is accurate.

To get news like this in your inbox daily, subscribe to the Sandler, Travis & Rosenberg Trade Report.

Customs & International Headlines