August 1, 2022
Companies have discovered the benefit of the new informal entry type 86 for clearing E-Commerce shipments. Under Section 321Customs can admit certain qualifying goods duty and tax free provided they have a value of $800 or less and are imported by one person on one day. This is known as the de minimis exemption and applies to base MFN nations as well as Section 301 tariffs.
This procedure has allowed for faster clearances for Section 321 shipments and Customs has seen the growth of e-commerce skyrocket.
Due to the increasing volume of Section 321 shipments having a possible impact on Customs’ import compliance efforts, Customs continues to consider the transmission of additional data elements by different entities at different times throughout the supply chain in advance of their arrival.
Crane Trade Services can assist you with questions regarding this matter. For assistance please contact CWTSConsulting@craneww.com.
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