| Title: | RECONCILIATION SUMMARY PROCESSING AND INTEREST CALCULATION |
|---|---|
| Date: | 1998-10-29 |
| To: | abi |
| Links: | previous, next |
ADMINISTRATIVE MESSAGES 98-0617, 98-0627, AND 98-0679 PROVIDED THE
PROGRAMMING SPECIFICATIONS FOR THE NEW ABI RECONCILIATION SUMMARY
PROCESSING PROGRAM (ABI APPLICATION 'RA'). ON SEPTEMBER 24, 1998, YOU
WERE ADVISED VIA ADMINISTRATIVE MESSAGE 98-0847 THAT THE STATUTORY CHANGES
TO PERMIT THE PROPOSED MID-POINT INTEREST CALCULATION WERE REJECTED BY
BOTH THE HOUSE AND SENATE.
THE PROPOSED LEGISLATION WAS FINALLY INCLUDED IN A BILL; HOWEVER, DESPITE
ALL EFFORTS BY THE TRADE AND CUSTOMS, CONGRESS FAILED TO PASS THE
ENABLING LEGISLATION TO PERMIT THE USE OF A MID-POINT INTEREST
CALCULATION.
CONSEQUENTLY, THE CURRENT STATUTORY REQUIREMENT FOR ENTRY-BY-ENTRY
INTEREST CALCULATION WILL REMAIN IN EFFECT UNTIL SUCH TIME AS IT MAY BE
CHANGED BY CONGRESS.
AS A RESULT, CUSTOMS HAS HAD TO RE-PROGRAM THE NEW 'RA' APPLICATION TO
PROVIDE FOR AN ENTRY-BY-ENTRY INTEREST CALCULATION. THIS CHANGE TO OUR
PROGRAMMING DOES NOT, REPEAT DOES NOT, CAUSE ANY CHANGE TO THE
SPECIFICATIONS AND RECORD LAYOUTS PREVIOUSLY PROVIDED. IT DOES, HOWEVER,
MEAN A DELAY IN THE TESTING AND IMPLEMENTATION OF THE 'RA' RECONCILIATION
SUMMARY PROCESSING PROGRAM.
WE CURRENTLY ANTICIPATE THAT THE 'RA' APPLICATION WILL NOT BE READY FOR
USER TESTING UNTIL LATE NOVEMBER OR EARLY DECEMBER, 1998. EXTENSIVE USCS
TESTING IS PLANNED BEFORE WE MAKE THIS PROGRAM AVAILABLE FOR EXTERNAL
TRADE TESTING. WE ALSO BELIEVE THAT YOU WILL NEED ADDITIONAL TIME TO
MODIFY YOUR INTERNAL PROGRAMMING TO ALLOW FOR THE ENTRY-BY-ENTRY INTEREST
COMPUTATION NECESSITATED BY THE CURRENT STATUTE.
TO REITERATE THE PREVIOUS ADMINISTRATIVE MESSAGES, THE SPECIFICATIONS FOR
THE NEW RECONCILIATION SUMMARY PROCESSING PROGRAM FOR ABI MAY BE FOUND
ON THE CEBB OR VIA THE U.S. CUSTOMS WEBSITE AT WWW.CUSTOMS.USTREAS.GOV.
THEY ARE LISTED UNDER ITEM 13 ON THE CEBB, TRADE OPERATIONS INSTRUCTIONS,
AS T-RECON1.EXE AND T-RECON2.TXT. THE .EXE FILE IS A COMPRESSED
EXECUTABLE FILE AND IS IN WORDPERFECT 6.1 FORMAT. THE .TXT FILE IS IN
ASCII TEXT FORMAT.
WE REGRET THE DELAY THIS HAS CAUSED IN THE ABILITY TO PROCESS
RECONCILIATION SUMMARIES, BUT IT IS UNAVOIDABLE. ANY QUESTIONS
REGARDING THE INTEREST POLICY, OR GENERAL OPERATIONAL QUESTIONS ON
THE RECONCILIATION PROCESS SHOULD BE DIRECTED TO DON LUTHER AT
(202) 927-0915.
QUESTIONS SPECIFIC TO THE ABI APPLICATION AND PROGRAMMING SHOULD BE
DIRECTED ME AT (703) 921-7128, OR TO YOUR CLIENT REPRESENTATIVE.
JIM HALPIN
CSMS #98-001041