U.S. Customs and Border Protection reports that on Sept. 24 it migrated the following reports and data universes in ACE reports to an upgraded database system to improve performance and data retrieval speeds.
- Importer Trade Activity (ITRAC) reports
- in-bond universe and reports
CBP states that the ITRAC upgrade enables trade community users to access data instantly instead of waiting several weeks. Users are also now able to retrieve data equal in size to the data volumes provided in Access files on physical compact discs. Similarly, the in-bond upgrade provides carriers with quicker access to in-bond data.
These and other ACE reports provide a wealth of information on imports, exports, and other customs activity that companies can use to boost duty savings efforts as well as compliance. 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 Mark Tallo.