Effective October 1, 2018, Merchandise Processing Fees to Increase for Fiscal Year 2019

Effective October 1, 2018, Merchandise Processing Fees to Increase for Fiscal Year 2019

In August, U.S. Customs and Border Protection (CBP) announced that the Consolidated Omnibus Budget Reconciliation Act (COBRA) will increase user fees effective October 1, 2018 by 4.886 percent to adjust for inflation for Fiscal Year 2019. One fee affected by this increase is the “Minimum” and “Maximum” Processing Fees. Specifically, the "Minimum" and "Maximum" Merchandise…

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New Tariffs Causing Insufficient Bonds

New Tariffs Causing Insufficient Bonds

U.S. Customs Border and Protection (CBP) recognizes that Section 232 and 301 tariffs are having a significant impact on continuous bond amounts and expect to see an increase in insufficient bonds in the coming months. In the meantime, CBP is urging importers, brokers, and sureties to be mindful when determining bond sufficiency based on Section…

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