CBP Revises Test of Post-Summary Corrections

U.S. Customs and Border Protection has issued a notice announcing the following modifications and clarification to its long-running test pertaining to the processing of post-summary corrections and the payment of increases in estimated duties, taxes, and fees resulting from PSCs. These changes will become operational, and test participants must comply with them, as of Aug. 5.

– Test participants must transmit electronic payment of an increase in estimated duties, taxes, and fees resulting from a PSC via Automated Clearinghouse and may no longer pay such increases via check or cash.

– Test participants may choose to pay the full amount of such increases prior to liquidation or wait to be billed at liquidation before making a payment. A test participant may not submit a subsequent PSC until any such increase resulting from a previously-filed PSC is paid in full and processed by CBP.

– Test participants may submit a PSC outside the regular 300-day timeframe for entries where liquidation is suspended beyond 300 days after the date of entry and the entries have an associated suspension basis (such as countervailing duty suspend, antidumping duty suspend, AD/CVD suspend, subject to Enforce and Protect Act, or subject to court injunction) at the time of PSC filing.

– Interest payment on the increased estimated duties, taxes, and fees resulting from a PSC will not be accepted prior to liquidation; instead, test participants must pay any interest owed to CBP as a result of the PSC once CBP liquidates the entry and issues a bill, if necessary.