U.S. Customs and Border Protection’s latest monthly operational update reports that in March the agency saw significant increases in audit and related collections activity along with a jump in the volume and value of counterfeit goods seizures.
CBP processed more than 2.7 million entry summaries (up from 2.6 million in February) valued at more than $274 billion (up from $241 billion. CBP identified nearly $6.1 billion in estimated duties to be collected (down from $6.3 billion), continuing a recent downward trend.
CBP targeted 400 shipments (down from 481) valued at more than $122.7 million (up from $109 million) for suspected use of forced labor in the production of imported goods, including goods subject to withhold release orders, forced labor findings, or the Uyghur Forced Labor Prevention Act. Targeted shipments include those that are further inspected but not detained, detained and released, detained and exported, or detained and abandoned. (For more information on ST&R’s comprehensive suite of forced labor-related services, please contact us at supplychainvisibility@strtrade.com).
CBP also seized 1,798 shipments (up from 1,590) that contained counterfeit goods valued at more than $335 million (up from $182.4 million).
Finally, CBP completed 29 audits (up from 22) that identified $24.7 million (up from $6.5 million) in duties and fees owed to the U.S. government stemming from goods that had been improperly declared. CBP also collected more than $33.1 million (up from $7 million) of identified revenue from these and previously completed audits.
(Click here to register for ST&R’s April 20 webinar on customs audits.)
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