| Title: | INCREASE IN THE INFORMAL VALUE LIMIT FROM $2000 TO $2500 |
|---|---|
| Date: | 2012-12-17 |
| To: | abi |
| Links: | previous, original, next |
RECENT TRADE LEGISLATION FOUND IN THE FEDERAL REGISTER, VOLUME 776, NO 235 WHICH WAS PUBLISHED ON DECEMBER 6, 2012 INCREASED THE INFORMAL ENTRY LIMIT FROM $2000 TO $2500 EFFECTIVE JANUARY 7, 2013.
IN ADDITION, DUE TO THE ELIMINATION OF ABSOLUTE QUOTAS UNDER THE AGREEMENT ON TEXTILES AND CLOTHING, THE ARTICLES CLASSIFIED IN HARMONIZED TARIFF SECTIONS AND CHAPTERS LISTED BELOW WILL NO LONGER REQUIRE A FORMAL ENTRY IF THE MERCHANDISE VALUE FOR THESE LISTED ARTICLES ARE IN EXCESS OF $250.
SECTION TARIFF CHAPTERS
VII 39, 40
VII 41, 42, 43
XI 50 – 63
XII 64 – 67
XX 94
AS A RESULT, THE ABOVE TARIFF NUMBERS WILL NO LONGER BE SUBJECT TO THE FORMAL ENTRY REQUIREMENTS IF THE MERCHANDISE IS IN EXCESS OF $250. THE ABOVE TARIFF NUMBERS WILL BE SUBJECT TO THE $2500 INFORMAL VALUE LIMIT.
CBP IS IN THE PROCESS OF MODIFYING THE ACS SYSTEM TO ACCEPT THE NEW $2500 INFORMAL VALUE LIMIT AND REMOVE THE $250 LIMITATION FOR THE ABOVE TARIFF NUMBERS. YOU WILL BE NOTIFIED IN A SEPARATE MESSAGE WHEN THE ABOVE CHANGES HAVE BEEN COMPLETED IN ACS.
POLICY AND PROCEDURE QUESTIONS REGARDING THIS MESSAGE MAY BE DIRECTED TO LAURIE DEMPSEY, BRANCH CHIEF, ENTRY SUMMARY, DRAWBACK BRANCH AT 202-863-6509 (LAURIE.B.DEMPSEY@CBP.DHS.GOV).
SYSTEM QUESTIONS REGARDING THIS MESSAGE MAY BE DIRECTED TO YOUR ASSIGNED CLIENT REPRESENTATIVE OR TO ACS, ATTENTION TONY CASUCCI AT 571-468-5053 (ANTHONY.CASUCCI@CBP.DHS.GOV).