Customs ACE Reports

Posted on: October 11th, 2017 • In Claims, News

Customs recently issued a message on their Cargo Systems Messaging Services concerning Automated Commercial Environment (ACE) accounts. The message read: This is a reminder that CBP bills for supplemental duties, taxes and fees, or vessel repair duties are due thirty (30) days from the date of the bill. Any bill

Read More

Claim Contacts

Posted on: April 1st, 2016 • In Claims

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

Read More

What is Liquidation?

Posted on: October 9th, 2015 • In Bond Type: 301-1 - Importer, Bonds, Claims

Liquidation is the process of final review of an entry by Customs which occurs approximately one year after the entry date for a typical consumption entry.  In accordance with 19CFR 159.1, liquidation means the final computation, or assessment of duties on entries for consumption or drawback entries.  Presently, the liquidation

Read More

Update: The Acceptance of Late Petitions for Liquidated Damage Claims

Posted on: January 30th, 2014 • In Claims, News

Effective January 9, 2013, CBP amended the guidelines for the acceptance of untimely petitions and mitigation of claims replacing the previous guidelines. After a liquidated damage claim is issued, an importer/bond principal may file a petition for relief within 60 days of the date of the claim notice to request

Read More

CBP to Begin Issuing Liquidated Damage Claims for ISF Non-Compliance Commencing July 9, 2013

Posted on: July 1st, 2013 • In Claims

Please take note CBP has issued the following administrative message on June 7, 2013 with respect to ISF enforcement: In order to achieve the most compliance with the least disruption to the trade and to domestic port operations, CBP has been applying a measured and commonsense approach to Importer Security

Read More

Trade Alert – CBP has Commenced Billing for Retroactive Merchandise Processing Fee

Posted on: January 29th, 2013 • In Claims

There has been a recent spike in the number of new supplemental duty bills issued to importers since the start of the new year.  This is due in large part to the retroactive increase of the Merchandise Processing Fee (MPF) enacted by Congress under the Trade Adjustment Assistance Extension Act

Read More

Trade Alert: Late petitions to result in sharply higher claim payments as CBP issues amended guidelines for the acceptance of untimely petitions and mitigation of claims.

Posted on: January 7th, 2013 • In Claims

CBP has announced effective January 9, 2013 it will be amending the guidelines for the acceptance of untimely petitions and mitigation of claims replacing the previous guidelines.  After a liquidated damage claim is issued, an importer may file a petition for relief within 60 days to request the claim be

Read More

Timely Compliance is Key to Avoiding Many Liquidated Damage Claims with CBP

Posted on: November 2nd, 2012 • In Claims

Cited below are some the most common violations seen by our office by bond type.  The majority of the violations giving rise to the issuance of liquidated damage penalties by CBP are the result of missed deadlines.  Bond principals should always look for ways to create fail-safes and streamline compliance.

Read More

Customs and Border Protection Revises Liquidated Damage Practices for Late Files and Mitigation Formulas

Posted on: April 30th, 2012 • In Claims

Customs and Border Protection (CBP) is in the process of making significant changes to its disposition of liquidated damage claims. One such change is to the amount CBP will assess upon mitigation of an initial claim for liquidated damages, upon receipt of a petition seeking relief and/or demonstrating the existence

Read More

What is Liquidation?

Posted on: November 3rd, 2011 • In Claims

Liquidation is the process of final review of an entry by Customs which occurs approximately one year after the entry date for a typical consumption entry. In accordance with 19CFR 159.1, liquidation means the final computation, or assessment of duties on entries for consumption or drawback entries. Presently, the liquidation

Read More
  • Bond Application

    Fill out our simple bond application and send it over with your client's most recent financial statement to our office for review. Download a Customs Bond Application
  • Connect With Us