With all of the trade news and activity that has already taken place this year, it’s hard to believe it is only June! The horizon looks just as busy with upcoming deadlines in the ongoing in-bond implementation and additional anticipated developments in ACE.
On September 28th, the highly anticipated updated in-bond regulations were published in the Federal Register as a Final Rule set to take effect on November 27th, followed by a 90-day flexible enforcement period.
While the trade community was knee deep in its work last year of implementing trade modernization through the transition to ACE, CBP also took the opportunity to “modernize” its guidelines on physical security at CBP bonded facilities.
The U.S. Food and Drug Administration’s (“FDA”) Weekly Entry Filing (“WEF”) procedure for Foreign Trade Zones (“FTZs”) was instituted in the mid-1990s to provide a vehicle to “expedite entry of repetitive shipments of ‘low risk’ merchandise from FTZs in the United States.”
If your firm is an FTZ operator or user, you know firsthand the significant impact that ACE and PGA reporting requirements are having on our industry. By all accounts, the past 12 months have been a busy, often confusing time that’s been full of changes.
While the importing community is knee-deep in the on-going ACE implementation and deciphering Participating Government Agency requirements to meet upcoming deadlines, it is hard to believe that there could be other deadlines looming, but there are and this time it is for exports!
As the mandated transition to CBP’s Automated Commercial Environment (“ACE”) looms, trade has become all-too-familiar with the CBP catch phrase “Don’t Wait, Migrate!”, encouraging trade users to embrace the use of the ACE Portal.
Important Dates:
2/28/16—Mandatory filing of all electronic entries and entry summaries in ACE including 06 Entries (ACS will be decommissioned for entry/entry filing)
July/16—e214 transitioned from ACS to ACE
Sept/15—CATAIR for entry (cargo release) in ACE published by CBP
Oct/15—CATAIR for entry summary in ACE published by CBP
The long anticipated transition to ACE for entry summary and cargo release is just around the corner. The transition scheduled for November 1, 2015 will also include the opportunity to interface by electronic means with multiple and various Partner Government Agencies (“PGAs”) that will soon be on- boarding with ACE.