| Title: | Reminders for Reconciliation Filings |
|---|---|
| Date: | 2019-06-19 |
| To: | abi,acep,acer,edi |
| Links: | previous, original, next |
Based on incoming questions and Help Desk tickets, CBP is reminding filers of the following Reconciliation filing requirements:
1.Reconciliation Payments and Refunds – A Reconciliation entry is like any other entry inasmuch as CBP requires payment at the time of filing regardless of the $20.00 de minimis. If a refund is owed to the importer as a result of the Reconciliation, the importer will receive the refund within 30 days of liquidation.
2.Interest Rates – When filing a Reconciliation, filers should calculate and deposit interest for underpayments. Interest on overpayments (refunds) is calculated by CBP.
3.No change aggregate Reconciliations - Per Federal Register Notice Vol. 66 14619 dated March 13, 2001, no change aggregate reconciliations must be transmitted with zeros in the money fields for the duties/taxes/fees.
If you have any questions or require additional information, please send an email to OT-RECONFOLDER@CBP.DHS.GOV, Commercial Operations, Revenue and Entry Division, Office of Trade.