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Commercial Invoice, HOPE Act, In-Bond Cargo Info Collections Under Review

Monday, February 13, 2017
Sandler, Travis & Rosenberg Trade Report

U.S. Customs and Border Protection is inviting public comments no later than April 14 on the proposed extension without change of the following information collections.

Commercial Invoice. The commercial invoice is provided by the importer and used to ascertain the proper tariff classification and valuation of imported goods, which in turn are used to determine duties. To facilitate trade, CBP did not develop a specific form and allows importers to use their existing invoices.

Haiti HOPE Act. The Haitian Hemispheric Opportunity through Partnership Encouragement Act of 2006 provides for duty-free treatment for certain apparel articles and wire harness automotive components from Haiti. Those wishing to claim such treatment must prepare a declaration of compliance that identifies and details the costs of the beneficiary and non-beneficiary components of production to show that the 50 percent value content requirement was satisfied.

In-Bond Cargo. CBP forms 7512 and 7512A are used by carriers and brokers to serve as the manifest and transportation entry for cargo moving under bond within the United States. They collect information such as the names of the importer and consignee, a description of the goods moving in-bond, and the ports of lading and unlading. This information is used by CBP for enforcement, targeting, and protection of revenue.

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