CSMS# 19-000317 - Reminders for Reconciliation Filings
U.S. Customs and Border Protection sent this bulletin at 06/19/2019 02:20 PM EDTYou are subscribed to Trade Policy Updates for U.S. Customs and Border Protection. This information has recently been updated, and is now available.
06/19/2019 01:52 PM EDT
Trade Policy Updates
Based on incoming questions and Help Desk tickets, CBP is reminding filers of the following Reconciliation filing requirements:
1.Reconciliation Payments and Refunds – A Reconciliation entry is like any other entry inasmuch as CBP requires payment at the time of filing regardless of the $20.00 de minimis. If a refund is owed to the importer as a result of the Reconciliation, the importer will receive the refund within 30 days of liquidation.
2.Interest Rates – When filing a Reconciliation, filers should calculate and deposit interest for underpayments. Interest on overpayments (refunds) is calculated by CBP.
3.No change aggregate Reconciliations - Per Federal Register Notice Vol. 66 14619 dated March 13, 2001, no change aggregate reconciliations must be transmitted with zeros in the money fields for the duties/taxes/fees.
If you have any questions or require additional information, please send an email to OT-RECONFOLDER@CBP.DHS.GOV, Commercial Operations, Revenue and Entry Division, Office of Trade.
Based on incoming questions and Help Desk tickets, CBP is reminding filers of the following Reconciliation filing requirements:
1.Reconciliation Payments and Refunds – A Reconciliation entry is like any other entry inasmuch as CBP requires payment at the time of filing regardless of the $20.00 de minimis. If a refund is owed to the importer as a result of the Reconciliation, the importer will receive the refund within 30 days of liquidation.
2.Interest Rates – When filing a Reconciliation, filers should calculate and deposit interest for underpayments. Interest on overpayments (refunds) is calculated by CBP.
3.No change aggregate Reconciliations - Per Federal Register Notice Vol. 66 14619 dated March 13, 2001, no change aggregate reconciliations must be transmitted with zeros in the money fields for the duties/taxes/fees.
If you have any questions or require additional information, please send an email to OT-RECONFOLDER@CBP.DHS.GOV, Commercial Operations, Revenue and Entry Division, Office of Trade.
Update your subscriptions, modify your password or e-mail address, or stop subscriptions at any time on your Subscriber Preferences Page. You will need to use your e-mail address to log in. If you have questions or problems with the subscription service, please contact subscriberhelp.govdelivery.com.
This service is provided to you at no charge by U.S. Customs and Border Protection.
Privacy Policy | GovDelivery is providing this information on behalf of U.S. Department of Homeland Security, and may not use the information for any other purposes.
 |
 |