Modifications to PSC and PMS Processes

Customs and Border Patrol Changes Timing     The Post Summary Correction has been modified. Out with the old requirements of 270 days from the date of entry and 20 days prior to scheduled liquidation date, and in with the new:300 days from the date of entry and 15 days from the scheduled date of liquidation … Continue reading “Modifications to PSC and PMS Processes”

Everything you need to know about PMS in ACE

From US Customs’ January 2017 ACE Monthly Trade Update: Below are the preliminary (11th workday) and final (15th workday) dates for Periodic Monthly Statement (PMS). The latest date in which the “Preliminary” PMS can be requested to generate is the 11th workday of the month. However, some companies do request their preliminary PMS to generate before … Continue reading “Everything you need to know about PMS in ACE”

Record use of Periodic Monthly Statements (PMS)

US Customs has announced that Periodic Monthly Statement use hit a record high in August when 68% of all duties and fees on eligible entry summaries were paid using the PMS feature of ACE. Increasing numbers of importers are taking advantage of the benefits of PMS (see our previous blog post), while becoming more familiar with … Continue reading “Record use of Periodic Monthly Statements (PMS)”

Reap the benefits of paying duties via Periodic Monthly Statement (PMS)

Many importers may not be aware of the advantages of paying duties and fees to US Customs via the Periodic Monthly Statement (PMS) feature in ACE. Improved cash flow – payments of duties and fees are deferred until the 15th day of the following month, offering up to a 45 day interest-free float on this … Continue reading “Reap the benefits of paying duties via Periodic Monthly Statement (PMS)”

Take CBP’s ACE satisfaction survey by May 23

US Customs is seeking input from the trade about the benefits and problems experienced with ACE.  In particular, CBP is inviting those who are employed as or by a broker, importer, or a land border, ocean, or rail carrier with an ACE portal account for their feedback on ACE for the 2013 calendar year. New … Continue reading “Take CBP’s ACE satisfaction survey by May 23”

Importers use ACH debit to streamline duty payments

Savvy importers who take advantage of paying their customs duties via Automated Clearing House (ACH) debit realize many benefits.  As outlined by CBP, these importers: Obtain up to an additional 10 days to pay duties, taxes, and fees on quota and other special merchandise classes Reduce administrative processing and costs Pay all ABI statements in … Continue reading “Importers use ACH debit to streamline duty payments”

ACE by the numbers

How is the ACE program doing?  It seems to be thriving, according to US Customs’ September 2012 “ACEopedia.” Here’s just a sample of statistics for ACE deployed capabilities: ACE Entry Summaries (types 01, 03 and 11) Today, nearly 11% of entry summaries are filed in ACE, way up from the 1% filed at the beginning … Continue reading “ACE by the numbers”

CBP updates Periodic Monthly Statement guide; importers reap benefits of program

Attention Automated Commercial Environment (ACE) users:  US Customs (CBP) has recently updated its Periodic Monthly Statement Guide.  As many ACE users know, Periodic Monthly Statements streamline the payment and collection of duties and fees by allowing importers (and their brokers) to consolidate them into one monthly payment, rather than a daily- or per-entry billing. Benefits of … Continue reading “CBP updates Periodic Monthly Statement guide; importers reap benefits of program”