FREE Webinar: Weekly Estimate for every HTS/COO/MID Combination/Zone Status
FREE Webinar: Weekly Estimate for every HTS/COO/MID Combination/Zone Status
Wednesday, April 26, 2023 (2:00 PM - 3:00 PM) (EDT)
Description
The NAFTZ Advocacy Issues Webinar Series was started in response to the recent NAFTZ Advocacy and Public Policy Issues Survey. A large majority of survey respondents indicated a strong desire to better understand and learn more about each of the association's advocacy and policy issues.
This session will cover the Weekly Estimate for every HTS/COO/MID Combination/Zone Status AND the CBP ACE 999 Line Limit on Weekly Estimates issue.
Featured Speaker(s): Liz Connell, TR and Melissa Irmen, ISCM Inc. will highlight key steps to compliance and best practices. A Q&A session will follow the presentation.
Special thanks to Thomson Reuters for sponsoring this webinar
Receive up to 1 CCS credit for attending the LIVE event, subject to NCBFAA Guidelines
Every possible HTS/COO/MID/Zone Status Combination on Weekly Estimates
Background:
CSMS #53267891 along with guidance published in the ACE Frequently Asked Questions (https://www.cbp.gov/trade/automated/ace-faq) indicate if any good with an HTS/COO/MID/Zone Status combination not included on the weekly estimate is to be removed from the zone to go into the U.S. commerce, a supplemental 3461 including that HTS/COO/MID/Zone Status combination in sufficient quantity must be released by CBP prior to the removal of the good.
Issue:
This suggests that FTZs must include all possible HTS/COO/MID/Zone Status combinations on the weekly estimate. This may cause the number of lines on the estimate to exceed the current CBP ACE 999-line limit and require the management of multiple entries per week; cancelling those entries not used, and matching shipments to specific entries; and increased merchandise processing fees and brokerage fees for the FTZ.
Advocacy effort:
Regulatory fix. NAFTZ holds regular meetings with officials from Commerce and CBP and is actively working with these agencies to assist in finding ways to increase the ACE 999-line limit.
Sponsors
4.26.23 Webinar Sponsorship
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STATUS | RATE |
---|---|
Member | COMPLIMENTARY* |
Non-Member | COMPLIMENTARY PER Sponsorship |
Federal Government | COMPLIMENTARY PER Sponsorship |
Thanks to our generous sponsor: Thomson Reuters, the 4/26/23 webinar is FREE for all to attend the event
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