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CBP Reviewing Information Collections on Duty-Free Entry, FTZ Certification

Wednesday, March 29, 2017
Sandler, Travis & Rosenberg Trade Report

U.S. Customs and Border Protection is accepting through May 30 comments on the proposed extension without change of the following information collections.

- CBP Form 7523, Entry and Manifest of Merchandise Free of Duty, Carrier’s Certificate and Release: This form 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 zone annual reconciliation certification and recordkeeping requirement: 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.

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