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Entry Summary, Bonded Warehouse, Foreign Repair Info Collections Under Review by CBP

Monday, July 07, 2014
Sandler, Travis & Rosenberg Trade Report

U.S. Customs and Border Protection is soliciting comments through Aug. 6 on the proposed extension without change of the following information collections.

CBP Form 7501, Entry Summary: This form is submitted by the importer or the importer’s agent for each import transaction and must be filed within 10 working days from the time of entry of merchandise into the U.S. The data on this form is used 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.

Bonded Warehouse Regulations: Owners or lessees desiring to establish a bonded warehouse must make written application to the CBP port 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 port director of the port where the facility is located.

Declaration of Persons Who Performed Repairs or Alterations: This form is used in connection with the entry of articles under HTSUS subheadings 9802.00.40 and 9802.00.50 as articles exported temporarily for repairs or alterations. Upon the return of such goods, duty is only assessed on the value of the repairs or alterations performed abroad and not on the full value of the article. The declaration includes information such as a description of the article and the repairs or alterations; the value of the article and the repairs or alterations; and a declaration by the owner, importer, consignee or agent having knowledge of the pertinent facts.

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