04 Nov US Proposes Low Value Shipment Rule Change
A new proposal by the Trump administration to regulate low-value ($2,500 or less) imports includes costly requirements for shipping organisations as well as importers.
The Notice of Proposed Rulemaking (NPRM), aims to support broader US efforts to curb low-value “de minimis” shipment loopholes and improve non-resident importer compliance in order to protect government import revenue and identify US trade law violators.
The proposal outlines the need for additional data and bonding requirements for certain informal entries, and that those entries be required to be filed electronically earlier, prior to or upon the date of importation. The most direct effect on shipping organisations will be updated manifest reporting requirements.
The rule also proposes amendments to current rules governing situations where carriers or logistics intermediaries act as entry filers or consignees for low-value imports valued at $2,500 or less, which will require them to appoint a licensed customs broker to serve as the Importer of Record.
Click here for further details and the ability to comment on the NPRM.
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