Reconciliation has become a highly utilized tool for many importers to maximize duty reduction benefits under certain FTA programs or to ensure compliance associated with valuation and 9802 claims. The Reconciliation filing process originally commenced as the ACS Reconciliation Prototype test in October 1998. Through the intervening years from 1998 to the present, there has not been any advancement to codify this program into the regulations as there are so many facets of trade compliance that are touched by the rules around the Reconciliation filing process. These rules can be found here: Reconciliation Interim Guidance. Having been involved with Trade Compliance for over 17 years and with an oversight role for the Tradewin Reconciliation service offering for the past number of years, the one thing consistent across that time span is the growing complexity of trade compliance that, in turn, is driving a constant need for continuing education and for developing experts in key areas of Trade Compliance. Reconciliation is no longer just a filing process. Rather, regulatory knowledge, application, and monitoring underpin the exercise.
