In a Final Rule published in the Federal Register, U.S. Customs and Border Protection (CBP) adopted in-bond process changes to enhance the agency’s ability to regulate and track in-bond merchandise. Phased enforcement of the new in-bond regulations will start next week.
Beginning July 2, 2018, the new regulations require electronic filing of new in-bond transactions via the Automated Commercial Environment (ACE). CBP will no longer accept paper copies of Form 7512 for input into ACE. Some paper forms will still be accepted under specific non-ACE circumstances, as outlined in CSMS #18-000013.
Effective August 6, 2018, carriers will be responsible for mandatory electronic reporting for all in-bond transactions. Electronic reporting will also be required for diversion to a port other than the original listed in-bond and for bonded cargo location (FIRMS code).
An implementation date has not been set for the provision requiring 6-digit Harmonized Tariff Schedule (HTS) reporting for Immediate Transportation movements.
Shippers can review the in-bond process changes and additional details in CBP’s Frequently Asked Questions.
For more information, please contact your local FedEx Trade Networks Transport & Brokerage office. For a complete list of office locations, go to http://www.ftn.fedex.com/us/locations.
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