trg customs bond holders learning about importer security filing
DESCRIPTION
Are You Prepared to Pay $5,000 per Importer Security Filing for Non-Compliance? With only 4 months left until Importer Security Filing penalties are issued, it’s time to make sure you are compliant. TRG has had many discussions with importers who believe they are in compliance, but in Customs & Border Protection’s (CBP) eyes, they are not. TRG is hosting a series of webinars free to our Customs bond holders to ensure they are in compliance. Anecdote: One of our ISF experts was on the phone with a TRG Customs bond holder last week. Prior to the meeting, the importer was convinced he was in compliance because he knew his broker was filing his ISF (the charge showed up on his bill). However, after reviewing his ISF progress report, we found out that his broker was filing the ISF after the ship had left. This will be a $5,000 fine come January for every ISF filed untimely.TRANSCRIPT
If you haven’t started filing your ISF you risk being the first of importers to be fined a minimum of $5,000 in the first quarter of 2010!
Importer Security Filing (10+2)
Only 4 Months to Compliance
ISF 10+2 Summary
Importer Security Filing, which you probably know as 10+2, is a Customs and Border Protection (CBP) regulation requiring importers and vessel carriers to provide advance data elements to CBP for non-bulk cargo shipments arriving into the United States by vessel. The focus of this initiative is to improve CBP’s ability to recognize high-risk shipments in advance to ensure the safety of America’s borders.
Only 4 Months to Compliance
On January 26th, 2010 CBP is requiring importers and carriers to transmit these additional data elements 24 hours prior to vessel lading.
Manufacturer Name & Address,
Seller Name & Address,
Container Stuffing Location,
Consolidator Name & Address,
Buyer Name & Address,
Ship to Name & Address,
Importer of Record #,
Consignee #,
Country of Origin of the Goods,
6 Digit Commodity #.
Importers (10)
Vessel Stow Plan, Container Status Message Data.
Carriers (2)
Data Elements
Only 4 Months to Compliance
Publication Date: November 26, 2008
Effective Date: January 26, 2009
Compliance Date: January 26, 2010 The 12 month period may be extended if
circumstances warrant. No liquidated damages assessed for not meeting
the new requirements No “do not load” (DNL) holds for compliance issues
Flexible Enforcement & Structured Review Period
CBP & Implementation
Only 4 Months to Compliance
Importers with no filing historycould be fined a minimum of
$5,000 in the first quarter of 2010.
Four factors may result in liquidated damages.
ISF Penalties
Failure to submit, Late submission,
Failure to update, Failure to withdraw.
Only 4 Months to Compliance
6 Mitigation Factors:
Progress of the importer’s ISF program, Percentage of ISFs containing violations, Tier 2 & 3 C-TPAT members will receive consideration up to
50%, Action taken by the importer after a violation has occurred, Circumstances beyond the importer’s control, Inaccurate info received by another party w/i the supply
chain.
Mitigation
Only 4 Months to Compliance
Anecdote: One of our ISF experts was on the phone with a TRG Customs bond holder last week. Prior to the meeting, the importer was convinced he was in compliance because he knew his broker was filing his ISF (the charge showed up on his bill).
However, after review of his ISF progress report, we found out that his broker was filing the ISF after the ship had left. This will be a $5,000 fine come January for every ISF filed untimely.
Get Your Report & Review it Today!
Learn From Your Progress Report
Only 4 Months to Compliance
Only 4 Months to Compliance
Only 4 Months to Compliance
Your Next Steps
Get Your Report Card & Review
Make Sure Your Vendors Are Informed & In Compliance
TRG is Hosting Vendor Webinars
TRG has Suggested Notifications
Elevate ISF Internally
If you File More than 50 ISFs per Year Look into Direct Filing
Implement Policies & Procedures for Future Overseas Relationships
Only 4 Months to Compliance
Contact TRG
Gregg CummingsNational Sales Manager
Phone: 847-756-7543Fax: 847-756-7545Email: [email protected]