Miami CBP Announces Feb 2 Seminar on CBP Valuation Procedures
U.S. Customs and Border Protection for the Miami International Airport has issued an Information Bulletin announcing that a CBP trade seminar will be presented on February 2, 2012 at the cargo Clearance Center in Miami, Florida. The Seminar will address…
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consignment entries and invoice requirements, basis of appraisement/valuation, and reconciliation. According to the Bulletin, one of the most significant effects of the Customs Modernization Act is the establishment of the clear requirement that parties exercise reasonable due care in importing into the U.S. Section 484 of the Tariff Act, as amended, requires an importer of record using reasonable care to make entry by filing such information as is necessary to enable CBP to properly assess duties, collect accurate statistics, and determine whether any other applicable requirement of law is met. Information Bulletin Number 12-020 is available via email by sending a request to documents@brokerpower.com.