TradeLane

Step-by-Step Guide to the New Reconciliation Process

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Customs has announced that the reconciliation prototype will finally transition from ACS to ACE on February 24th of 2018.

After a few rounds of delayed implementation dates, the ports are actively liquidating Recon filings to clean up before the deployment. We think the switch to ACE might actually happen this time.

There are some major changes that are coming to the program that the importing community should be aware of.

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Topics: Reconciliation

Updated Reconciliation Process: Step by Step

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Customs has announced that the reconciliation prototype will finally transition from ACS to ACE on July 8th of 2017.

There are some major changes to the program, most of which benefit the importer.

For example, the original value, duties, and fees will no longer need to be reported. This will save a considerable amount of time which was previously spent trying to get an exact match in the filing system. These figures will automatically populate after the ACE go-live. 

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Topics: Reconciliation

Changes to CBP’s Entry Reconciliation Program

ACE Recon

While I was in college, there were a few great gifts. Snow days and deadlines extended by my professors. For those that are involved with Drawback and Reconciliation entries, it’s time to get giddy. 

Get a start on the New Year by gaining an understanding of the upcoming changes.

In our continuing efforts to prepare the trade community for the significant changes Customs Border and Protection (CBP) is enacting for Reconciliation entries, we offer this blog with updated information.

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Topics: Reconciliation

What’s this? Reconciliation Prototype Changes?

Reconciliation Prototype Changes

So does the expression, “don’t blink or you’ll miss it,” ring true with anyone? Like your daughter was two, you blinked, and now she’s a freshman in high school? That would be me! That is so not the case with the reconciliation prototype. I have been blinking for almost 18 years and for the most part, the prototype remains largely unchanged.

So, I don’t blame those of you that haven’t reviewed the January 13, 2016 draft release of the Reconciliation Entry Summary Create/Update ACE ABI CATAIR document. It’s easy to miss things you aren’t expecting or looking for. If you are not familiar with the CATAIR, think CFR’s for programmers. I know, yawn.

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Topics: Reconciliation

Hiring a Free Trade Guru...

Free Trade Guru

Recently I assisted a client with a particularly difficult and rarely used provision of the NAFTA agreement. It involved a tariff shift rule and list of exceptions that, when coupled with a specific production process, became problematic. 

Prior to contacting Tradewin, the client had a Free Trade ‘expert’ look at the provision of NAFTA and the challenge they were facing. The ‘expert’ came to a very detailed and long winded way of creating massive amounts of work for the client. While the analysis was technically correct for the issue, ultimately it did not fit the bill for the client. 

When you’re dealing with something as complicated as a Free Trade agreement you want the quickest, easiest, and most compliant solution. A company needs to have a level of confidence in whoever is performing the task. It’s necessary to know you have the right kind of expert who has actual experience with Free Trade qualification. These issues can and do involve trade secrets, material cost structures, manufacturing process, etc. Companies love “the bottom line” and the faster you get there with the least amount of legal exposure the better.

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Topics: Reconciliation, Free Trade Agreements