The U.S. Customs and Border Protection has amended Section 321 (a)(2)(C) of the Tariff Act of 1930 to grant a formal exemption that allows shipments of goods to enter duty- and tax-free with a total fair retail value in the country of dispatch of no more than USD 800, imported by one person in one day.
This exemption program is known as a de minimis entry and it was created to monitor and protect against illegitimate trade, granting duty-free advantages for shipments of qualified goods.
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Why did CBP create these initiatives?
The goal of this experiment is to identify the entity moving the 321 shipment, the intended receiver, and the package’s contents more precisely and explicitly. Also to increase regulatory compliance while giving CBP and PGAs more insight into the de minimis universe.
What advantages do these programs offer?
Prior to arrival, pilot data sent to CBP will enable it to select high-risk goods for inspection and speed up the clearance of low-risk shipments. Customs brokers and self-filers can electronically submit entries with a constrained data set that are exempt from duty, taxes, and fees thanks to the creation of the new informal entry type 86.
Who is eligible to take part?
Currently, the program is limited to 9 participants only; qualified candidates Customs brokers, and self-filers alike are eligible to take the test. consist of carriers, brokers, freight forwarders, and online markets. The Federal Register notice can be found here and here.
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