How much do today’s importers really perceive about Country of Origin (COO)? In an ever-changing global economy, manufacturers are sourcing materials and components from around the world. Importers may be certain they have COO clarified and down to an exact science, however, it may be more difficult now than ever to determine COO to satisfy the U.S. Customs and Border Protection’s explicit rules. 

U.S. Customs and Border Protection is working to complete the final deployment of core trade processing capabilities in the Automated Commercial Environment (ACE). As part of the delivery of core trade processing in ACE, CBP has established a series of mandatory use dates for transitioning to ACE.

ACE is now the primary system through which the trade community reports imports and exports and the government determines admissibility. Through ACE as the Single Window, manual processes are streamlined and automated, paper is being eliminated and the trade community is able to more easily and efficiently comply with U.S. laws and regulations. Working in close coordination with the Department of Homeland Security, the Border Interagency Executive Council, and the White House, CBP is on track to meet an executive order signed in 2014. An executive order in December 2016 gained further ground for ACE.

April Webcast Q&A Wrap-up

Presented by Denise Guzialek

Program Manager--Compliance Services

Copper Hill Incorporated

 

Q: I would like to start flagging my entries to file value recon. How do I go about setting this up?

A:  The first step is to contact your surety company to add a recon rider to your existing bond. Once this is complete, contact your broker to begin the application process to begin flagging your entries for value recon. Once your entries are flagged, you have 21 months to reconcile. You can work with your broker who can file recon entries with Customs with the corrected values.