Category: Reconciliation

Changes to interest rate calculations for reconciliation

Changes published today in CBP Admin Message CSMS# 19-000310 Interest Rates for Reconciliation Effective July 2019, CBP will no longer publish on CBP.gov the quarterly interest rates for Reconciliation. Filers can find the quarterly rates on the www.irs.gov website by [...]

CSMS# 18-000689 RECONCILIATION FILING-FREE TRADE AGREEMENTS (FTA)

ACE FILING NOTICE – RECON According to to CBP CSMS# 18-000689, issued today, November 21, when filing a reconciliation for a Free Trade Agreement issue, ACE is displaying incorrect original paid amounts. Until headquarters issues further guidance, filers should submit the [...]

New ACE reporting to support reconciliation in ACE

As you know, CBP delivered ACE Deployment G, Release 4, on Saturday, February 24th, as promised.  One of the critical pieces of this deployment was moving reconciliation entries into ACE, along with drawback, liquidation and other functionality.  Read our prior blog [...]

Changes ahead for 2018: Reconciliation Entries and ACE Transitioning

With the processing of reconciliation entries transitioning to ACE on February 24, 2018, we wanted to let our readers understand the practical results.  For instance: ACE will be the sole mechanism to file Reconciliation entries (even if the underlying entries [...]

ARRANGE YOUR CUSTOMSNOW WALK-THROUGH

Meet with a CustomsNow consultant to explore your compliance practices and how our best-in-class software and services can help you do what you do better.

DEMO NOW