Are You Using the Most Current CBP Bond Forms?

Don’t forget that US Customs and Border Protection (CBP) stopped accepting outdated forms as of September 1, 2014. CBP’s forms CBP 301 (bond form) and CBP5106 have both been updated and only the newer forms are being accepted.

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Did You Know…

Did you know that foreign-trade zone (FTZ) exports can be identified on all zone filings in AES? According to NAFTZ, the US Census Bureau confirmed that operators can file their FTZ identifier when reporting exports using the Automated Export System (AES) In bond code of 70 (Merchandise NOT shipped in bond).

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Looking Up: Value of Exports From US FTZs Increase

The value of exports from US foreign-trade zones (FTZs) increased by over 15% last year to a record high of $79.5 billion USD according to the US Foreign-Trade Zones Board’s Annual Report to Congress. NAFTZ states that there were 177 active zones during 2013 with a total of 289 active manufacturing/production operations. The value of received merchandise also saw an increase of 14%.

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Time to Update Your Cotton Fees!

We recently shared news that, as of Monday August 25, 2014, the US Department of Agriculture has decreased the fee rate assessed on US imports of cotton and cotton containing products.  To find out more about the FRN published on June 26, 2014, and to see what HTS numbers are affected click here.

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US Department of Agriculture’s AMS Decreasing Cotton Fees

As of August 25, 2014, the US Department of Agriculture’s Agricultural Marketing Service (AMS) will be decreasing the assessment fees paid on US imports of cotton and cotton containing products.   The decrease comes just two years after a previous increase.

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ASF: Expand or Reorganize?

The Alternative Site Framework (ASF) is an optional “framework” designed to serve projects within a foreign-trade zone (FTZ). Those that opt to use ASF typically want the flexibility to both attract users/operators to certain fixed sites but also want the flexibility to serve companies at other locations when the demand for FTZ services arises in the future.

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QP/WP Explained

What is QP/WP?

QP/WP is the electronic filing of a CF7512 form or In-Bond document to US Customs & Border Protection (CBP).  Companies can use QP/WP to move goods In-Bond to another location.

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CBP Update on ACE: Questions on Reports Within ACE

An Executive Order, signed on February 19, 2014, directs US federal agencies with a role in trade to complete development of an electronic “Single Window” which aims to streamline export and import processes for America’s businesses. One of the processes included in this transformation is the Automated Commercial Environment (ACE). By the end of 2016, ACE will have undergone a substantial development aimed to streamline and automate manual processes, eliminate paper and efficiently comply with US laws and regulations through a series of seven developmental stages.

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ICPA Heads to Music City! Make Plans to Join Them!

Have you registered to attend the 2014 ICPA Fall Conference? If not, there is still time to register so you don’t miss out on another great ICPA conference. This year’s conference will take place September 10-12, 2014, in Nashville, Tennessee. With live music and creative energy around every corner, Music City is sure to provide an exciting environment for ICPA’s expert sessions on trade compliance.

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CBP Update on ACE: Your Exports & AES Questions

An Executive Order, signed on February 19, 2014, directs US federal agencies with a role in trade to complete development of an electronic “Single Window” which aims to streamline export and import processes for America’s businesses. One of the processes included in this transformation is the Automated Commercial Environment (ACE). By the end of 2016, ACE will have undergone a substantial development aimed to streamline and automate manual processes, eliminate paper and efficiently comply with US laws and regulations through a series of seven developmental stages.

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