ISF Enforcement Update – Implementation Delayed

CARM Release 2 Important Update for Customs Brokers and Importers On August 11, 2023, CBSA’s CARM Engagement team released an important update on the next phase of the CARM project launch. Per their email to trade and logistics partners: “In October 2023, the CARM Release 2 system will be available for selected industry partners who want to test their own internal systems, and for software service providers to continue to certify their software with CARM. The proposed regulatory amendments continue on schedule with a planned coming-into-force date of May 2024, when CARM becomes the official system of record. Further enhancements are […]

On March 27th, the CBSA held a Trade Chain Partner Working Group meeting and announced the following changes related to CARM’s Release 2 (“R2”), coming May 13, 2024: The minimum bond amount requirement will change from $25,000 to $5,000 for all importers with the implementation of R2. The maximum bond amount will remain capped at $10,000,000 per RM account. As a reminder, the bond amount will be calculated at 50% of the highest month of duties and taxes (including GST and all debts/accounts receivables) over the previous 12-month period. CBSA cannot keep up with the paper bond filings (we have […]

July 23, 2016 July 23 is next in CBP’s series of deadlines for filing cargo release and entry summary information in ACE. On that date, CBP will require entry types 02, 07, 12, 21, 22, 31, 32, 34 and 38 filings to be made in ACE. While some PGA data sets are not ready for ACE, the CBP portion is still required to be filed in ACE. For practical purposes, this means that all Activity Code 1 single transaction bonds will be eBonds by July 23 and not be submitted on Form 301 (by paper or email). eBond STBs must […]