Question: Our public company has recently been purchased by a private equity firm and as we get closer to finalizing the sale it has been brought to my attention that the bank is requesting our BOLs be consigned to them so that in the event our company defaults or decides to close our doors they […]
Question: Has anyone in the membership seen an unusually high amount of entry docs required for informal entries? Does it seem to be filer based? ================ Answer: Whenever we’ve had a spike in “doc’s required” it usually turns out to be something CBP has flagged in their system. We talked with our Port and figured […]
Question: Recently, our company’s internal audit group performed an audit of our US international trade function, including customs. They identified an issue with field 32(b) on form 7501, the CHGS field for capturing charges between the port of export and the US port of import. Our foreign affiliates book the […]
Question: I am new in my role and there is no centralization on our import data. Where can I get a hold of our import entry information that is relatively simple and cost effective? **************
QUESTION: I am the owner of a dry shipper which is used in the pharmaceutical industry to ship perishable drugs at cryogenic temperatures. We rent/lease these shippers to various drug companies for their own use. Some dry shippers are sent overseas and empty shipper returning to the lessee for their use again. The […]
Question: We’ve been advised by our forwarder that we should look into using China Post as an alternative to air freight on some of our hot shipments. As my Director is hearing this, he believes we can ship multiple shipments of product (under $2500 per shipment) using China post, file an informal entry and the […]
Question: Could someone tell me where in the regulation stating that 7501 needs to be signed in blue ink pen.
Question: >From the regs: (b) When entry summary serves as entry and entry summary. When an entry summary serves as both the entry documentation and entry summary, in accordance with § 142.3(b) of this chapter, the time of entry will be the time the entry summary is filed in proper form with estimated […]
Question: >From the regs: (b) When entry summary serves as entry and entry summary. When an entry summary serves as both the entry documentation and entry summary, in accordance with § 142.3(b) of this chapter, the time of entry will be the time the entry summary is filed in proper form with estimated […]
QUESTION: I have a situation where one of our divisions recently purchased product from the same vendor our company uses. Because my company also have product coming out of this factory at the same time, and because the product is going to the same 3PL, we advised the vendor to consolidate the two […]
Question: I have a situation where one of our divisions recently purchased product from the same vendor our company uses. Because my company also have product coming out of this factory at the same time, and because the product is going to the same 3PL, we advised the vendor to consolidate the two […]
Question: I would like to know if the two import scenarios below are being handled correctly in terms of entry documents and being able to show cradle-to-grave transactions. Scenario 1 US Company A purchases from a related party overseas, Company B. Company B issues a purchase to another third related […]
