U.S. Customs and Border Protection is continuing to launch new Automated Commercial Environment reports, providing a wealth of information on imports, exports, and other customs activity that companies can use to boost duty savings efforts as well as compliance. (Click here to register for Sandler, Travis & Rosenberg’s April 21 webinar on this topic.)
In October 2017 CBP made available a number of new reports enabling users to query a more robust set of data elements that have been normalized for both ACS- and ACE-sourced entry summaries. More recently, CBP deployed new statements, reconciliation, drawback, and liquidation universes that provide even more resources for reports to draw from. In the future, CBP plans to develop reports for ACE functionality yet to be deployed, including foreign-trade zone e214 admissions and Section 321 (de minimis) transactions.
The data available through these resources can help importers identify ways to save money, especially with respect to Section 232 and 301 import tariffs. The data also allows importers to avoid or minimize enforcement actions by spotting potential problems before CBP does or indicating when CBP is reviewing a company’s imports.
For more information on ACE reports and how they can benefit your business, please contact customs attorney Mark Tallo.
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