When an import is made into the U.S., the duties, taxes and fees are due to CBP within 10 days. The Periodic Monthly Statement Processing Program (PMS) allows the principal to pay these duties, taxes and fees on the 15th working day of the following month. This program is only offered for continuous Importer bonds. … Read more
Reconciliation is a CBP process which, according to CBP, “allows the importer, using reasonable care, to file entry summaries with CBP with the best available information, with the mutual understanding that certain elements, such as the declared value, remain outstanding. At a later date (anywhere from 12 to 21 months) when the specifics have been … Read more
Our office is now notifying bond principals via email of any claims issued by CBP against the bonds we handle. Therefore, it is important to ensure that our office has the most current contact information for a bond principal to ensure timely responses to Customs on claims. Please contact our Claims Department, claims@cashea.com, if there … Read more
