| Title: | RECONCILIATION - UPDATE |
|---|---|
| Date: | 1999-01-11 |
| To: | abi |
| Links: | previous, next |
TO : ALL ABI BROKERS.
FROM : DON LUTHER
SUBJECT : RECONCILIATION - UPDATE
DATE : 01/04/1999
THE ACS RECONCILIATION PROTOTYPE STARTED ON OCTOBER 1, 1998. THE
PROTOTYPE PROVIDES A LEGAL, FISCALLY SOUND MECHANISM FOR MAKING
CERTAIN POST-SUMMARY ADJUSTMENTS TO ENTRY SUMMARIES.
COMPLETE INFORMATION IS AVAILABLE FROM THE CUSTOMS SERVICE
INTERNET WEB SITE, RECONCILIATION PAGE:
WWW.CUSTOMS.USTREAS.GOV/IMP-EXP2/COMM-IMP/RECON/INDEX.HTM
AN UPDATE:
AS OF JANUARY 1, 1999, OVER 900 IMPORTERS HAD APPLIED FOR
PARTICIPATION IN THE PROTOTYPE. OVER 72,000 ENTRY SUMMARIES HAVE
BEEN "FLAGGED" INDICATING THEY WILL BE SUBJECT TO A SUBSEQUENT
RECONCILIATION, THE NEW TYPE '09' ENTRY WHICH PROVIDES CORRECT
INFORMATION ABOUT THE ENTRY SUMMARY (MOST COMMONLY, UNKNOWN
ASPECTS OF THE ENTERED VALUE, SUCH AS ASSISTS, ROYALTIE
COMPUTED VALUE, ETC.)
A NEW PROCESSING PORT, HOUSTON, TX, HAS BEEN ADDED TO THE
PROTOTYPE. WHILE ENTRY SUMMARIES AT ANY U.S. PORT MAY
FLAGGED FOR RECONCILIATION, THE RECONCILIATION ENTRY WILL
FILED AND PROCESSED AT THE PROCESSING PORT ASSIGNED TO THE
IMPORTER BY CUSTOMS. THE PROCESSING PORTS ARE: BOSTON,
CHAMPLAIN, DETROIT, EL PASO, HOUSTON, LAREDO, MIAMI,
MINNEAPOLIS, NY/NEWARK, NOGALES, PHARR/LOS INDIOS, TX, PORTLAND
OR, AND SAN DIEGO/OTAY MESA.
APPLICATIONS WILL BE ACCEPTED THROUGHOUT THE 2-YEAR DURATIONOF
THE PROTOTYPE. FURTHER INFO ON THE ACS RECONCILIATION PROTOTYPE
IS AVAILABLE FROM THE INTERNET ADDRESS ABOVE OR VIA THE FEDERAL
REGISTER NOTICES OF FEB. 6,1998 AND AUG. 18,1998.