May 10, 2018 | Industry Insights

CBP Extends Window to Reject ADD/CVD Entry Summaries

Share This:
Featured Image

On April 23, 2018, CBP announced a modification to its entry summary rejection policy via CSMS 18-000301 as it pertains to entries subject to ADD/CVD, to special tariffs imposed under Sections 201 and 301 of the Trade Act of 1974, and to special tariffs imposed under Section 232 of the Trade Expansion Act of 1962. (For more details on these special tariffs, see the April 2nd blog posting. CBP now has nearly 10 months to identify and reject such entry summaries.

CBP Directive 3550-067 sets forth its policy on acceptance and rejection of entry summaries. Presently, an entry summary subject to ADD/CVD could be rejected by CBP within 60 days of the filing of the entry summary (90 days with supervisory approval). CBP is changing the 90 day window to 300 days with supervisory approval.

In general, an importer has 10 working days from the date of cargo release to file an entry summary. A rejected entry summary must be resubmitted within 2 working days of the date of reject (10 working days if the error involves ADD/CVD). This 2 or 10 day grace period allows for the timely resubmission. If it is missed, these days count in the calculation of how late the entry summary is.

When an entry summary is rejected, the filer must cure the problem timely. In the case of ADD/CVD this would require the importer to pay any estimated ADD/CVD within the 10-day window, and update/amend the entry summary filing (e.g., change the entry type to “03” and include relevant ADD/CVD case number(s)). The failure to do this timely will create additional costs and expenses in the form of liquidated damages for a failure to file the entry summary or the untimely filing of the entry summary.

This has the greatest impact on entries subject to an ADD/CVD investigation’s retroactive provisional measures that relate to Critical Circumstances (a 90-day retroactive application of the suspension of liquidation and the requirement to deposit estimated ADD/CVD). Prior to this change, CBP was often caught off guard to properly/timely comply with Commerce’s instructions entries subject to critical circumstances periods. CBP could not compel an importer to deposit money if the entry summary rejection deadline had passed.  Now, that deadline is a lot more CBP-friendly.

Should you need further information, contact your Roanoke Trade Bond Service Team or call us at 1.800.ROANOKE.

 

Share This:

Related


New Report by BSI Global Intelligence Outlines Leading Causes of Increased Theft

Increased Prices of Fuel, Agricultural Products, and Other Goods are Leading to Increased Theft In partnership with Roanoke, BSI’s Global Intelligence Analysts have provided a high-level outlook on the top supply chain risks expected in upcoming months, based on data and trends from the first three quarters of 2022. BSI’s data shows that thieves globally are increasingly targeting agricultural products, employee belongings, and automotive parts. This is partially due to increased food insecurity worldwide, and inflation driving up the prices of goods like agricultural products and fuel. The combination of these two factors makes these goods more lucrative to steal. […]

Industry Insights

2024 NCBFAA Scholarship & Application Announcement

Roanoke Insurance Group is delighted to once again sponsor  a $5,000 scholarship to students intending to join the trade industry. The National Customs Broker and Forwarder Association of America (NCBFAA) offers this $5,000 scholarship award yearly and will be presented to the winner at the NCBFAA annual conference in April 2024. The topic for this year’s scholarship will be “What are the key steps an organization should take to ensure that training, auditing, and engagement with a licensed customs broker and the sharing of industry information are effectively relayed to all employees, as well as properly documented to substantiate compliance […]

Events, Industry Insights

Guarding Against Fictitious Pickups and Cargo Theft: Tips and Training

Fictitious pickups are increasing in North America. In the US, the percentage of cargo thefts due to fictitious pickup rose from 1% in 2022 to 17% in 2023. Strategic theft patterns are also rising, where thieves use identity theft and fraud with fictitious pickup and brokering schemes to obtain loads from freight locations. Combatting this menace requires a combination of vigilance, technology, and a well-trained staff. Let’s explore some effective strategies for guarding against fictitious pickups and minimizing the risk of falling victim to scams. Per Tony Pelli, Practice Director, BSI Consulting, Specializing in Supply Chain and Security Risk Management, […]

Cargo Insurance, Industry Insights

Roanoke is the leading provider of insurance and surety solutions for transportation and logistics providers. In fact, we are recognized as the most reliable source for U.S. customs bonds.

Contact

If you have any questions or need help, feel free to contact with our team.

800-762-6653
US Flag

US CORPORATE HEADQUARTERS

1501 E. Woodfield Road

Suite 400W

Schaumburg, IL 60173


Canada Flag

CANADA CORPORATE HEADQUARTERS

390 Bay Street

Munich Re Centre, 22nd Floor

Toronto, ON M5H 2Y2

Solutions that Go the Distance.

© 2024 Roanoke Insurance Group Inc.

Better Business Bureau logoCoverholder at Lloyd's logo