U.S. Customs and Border Protection has amended its regulations regarding statement processing and Automated Clearinghouse to reflect that final statements will be identified as paid upon the completion of the funds transfer for the ACH debit and credit payment processes. CBP is making a related change to its ongoing test of periodic monthly statements. CBP states that these changes only affect its internal accounting procedures and will result in no associated delays, interruptions, or process changes for the trade community.
Statement processing allows entry/entry summaries and entry summaries to be grouped by importer or filer on a daily basis. Any related duties, taxes, fees, and interest may be paid with a single payment rather than by individual checks for each entry. The preferred method of payment is ACH, except where the importer has provided a separate check for customs charges (mixing of payment methods for a single statement is prohibited).
- Posted by Joe DeSilvetri
- On September 30, 2019
- 0 Comments