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CBP updates “informal entry” threshold

Effective January 7, 2013, US Customs will increase the threshold value to $2,500 for merchandise to qualify for “informal entry” treatment.

From the Federal Register website:

Currently, for any merchandise valued over $2,000, CBP requires importers to provide a surety bond, complete CBP form 7501, and pay a minimum of $25 in Merchandise Processing Fees (MPF). The final rule increases the limit, from $2,000 to $2,500, for which merchandise may qualify for an “informal entry”, thereby eliminating the need for a surety bond, expediting the customs clearance process, and reducing the required MPF amount to $2 (assuming the entries are filed electronically). CBP is increasing the informal entry limit to mitigate the effects of inflation and in addition, to meet a commitment of the Beyond the Border Initiative between the United States and Canada, to increase and harmonize the value thresholds to $2,500 for expedited customs clearance from the current levels of $2,000 for the United States and $1,600 for Canada.

One Response to “CBP updates “informal entry” threshold”

  1. rblackwell says:

    In addition, CSMS #12-000572 provides:
    IN ADDITION, DUE TO THE ELIMINATION OF ABSOLUTE QUOTAS UNDER THE AGREEMENT ON TEXTILES AND CLOTHING, THE ARTICLES CLASSIFIED IN HARMONIZED TARIFF SECTIONS AND CHAPTERS LISTED BELOW WILL NO LONGER REQUIRE A FORMAL ENTRY IF THE MERCHANDISE VALUE FOR THESE LISTED ARTICLES ARE IN EXCESS OF $250.

    SECTION TARIFF CHAPTERS

    VII 39, 40
    VII 41, 42, 43
    XI 50 – 63
    XII 64 – 67
    XX 94

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