U.S Customs and Border Protection published a Frequently Asked Questions (FAQ) document on Instruments of International Traffic Imported with Residue. The information is designed to help the trade community understand obligations of transporting carriers concerning the advance electronic cargo information and importers for entry requirements required by HQ Ruling H026715. The FAQ provides information about the definition, parties responsible to make entry, how to determine value and various scenarios. Enforcement begins July 17, 2011.
Click HERE to view the FAQ document.
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