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Entry Summary, ACH Application, Warehouse and Repair Info Collections Under Review

Friday, June 23, 2017
Sandler, Travis & Rosenberg Trade Report

U.S. Customs and Border Protection is accepting comments through Aug. 21 on the proposed extension of the following information collections.

Entry summary. CBP form 7501 is submitted by the importer, or the importer’s agent, for each import transaction and must be filed within ten working days from the time of entry. The data on this form is used by CBP as a record of the import transaction; to collect the proper duty, taxes, certifications, and enforcement information; and to provide data to the Census Bureau for statistical purposes.

CBP Form 7501A (document/payment transmittal) is used to reconcile a supplemental payment after an initial Automated Clearinghouse payment with the associated entry so the respondent’s account is properly credited.

Automated Clearinghouse. The ACH allows participants in the Automated Broker Interface to transmit daily statements, deferred tax, and bill payments electronically through a financial institution directly to a CBP account. To participate in ACH debit companies must complete CBP Form 400, the ACH application. Participants also use this form to notify CBP of changes to bank or contact information.

Bonded warehouses. Owners or lessees desiring to establish a bonded warehouse must make written application to the CBP director of the port where the warehouse is located. The application must include the warehouse location, a description of the premises, and an indication of the class of bonded warehouse permit desired. Owners or lessees desiring to alter or relocate a bonded warehouse may submit an application to the CBP director of the port where the facility is located.

Foreign repairs. The "Declaration of Persons Who Performed Repairs or Alterations" is used in connection with articles entered under HTSUS 9802.00.40 and 9802.00.50; i.e., goods that were in the U.S. and were exported temporarily for repairs. Upon their return, duty is only assessed on the value of the repairs performed abroad. The declaration includes information such as a description of the article and the repairs; the value of the article and the repairs; and a declaration by the owner, importer, consignee, or agent having knowledge of the pertinent facts.

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