FY2020 CBP increases MPF min and max amount
According to CBP, due to inflation the minimum and maximum amount for MPF (Merchandise Processing Fee) for CBP fiscal year 2020 will change starting October 1st.
The MPF ad valorem rate of 0.3464% will not change, however the minimum and maximum amounts on formal entries will change as follows:
- MPF minimum as of Oct 1st will increase from $26.22 to $26.79
- MPF maximum as of Oct 1st will increase from $508.70 to $519.76
A complete list of CBP fees for FY2020 can be found in the Federal Register Notice here.
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