Posted on December 01, 2012
U.S. Customs and Border Protection (CBP) has issued a final rule regarding changes to what may be considered an “informal entry.”
An “informal entry” has been any shipment valued at less than $2000. Anything valued at more than $2000 is considered a “formal entry” and requires a customs bond and a minimum merchandise processing fee (MPF) payment of $25.
As of Jan. 7, 2013 the minimum value for an “informal entry” will be raised to $2500 for qualifying items. Also, any qualifying shipment valued under $2500 will be eligible to clear without a bond, in an expedited manner and with a required MPF of $2.
CBP is implementing these changes in correlation to inflation rate and to comply with the Beyond the Border Initiative. Per the Beyond the Border Initiative the United States and Canada would both raise the minimum value for informal entries to $2500.
If you have any questions, or if you would like more information as to how this rule change will affect you, please contact Allyn International at firstname.lastname@example.org or +1-239-489-9900