CBP Extends Comment Period on Automated Clearinghouse Info Collection
CBP is extending the comment period to Aug. 11 for an existing information collection related to its Automated Clearinghouse (ACH). CBP proposes to extend the expiration date of this information collection with no change to the burden hours.
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
Automated Clearinghouse, CBP Form 400
The ACH allows participants in the Automated Broker Interface (ABI) to transmit daily statements, deferred tax, and bill payments electronically through a financial institution directly to a CBP account. ACH debit allows the payer to exercise more control over the payment process. In order to participate in ACH debit, companies must complete CBP Form 400, ACH Application. Participants also use this form to notify CBP of changes to bank information or contact information.
CBP Estimates 24,262,980 Formal Entries
CBP estimates the number of respondents annually will be 1,443, the number of responses per respondent to be 2, with the total annual responses to be 2,886. CBP estimates the time per response will be 5 minutes and total annual burden hours to be 240.
Comments Requested on Ways to Minimize Burden, Etc.
CBP is asking for comments from the general public and other federal agencies on (a) whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency’s estimates of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to minimize the burden, including the use of automated collection techniques or the use of other forms of information technology; and (e) the annual costs burden to respondents or record keepers from the collection of information (a total of capital/startup costs and operations and maintenance costs).
CBP Contact -- Tracey Denning (202) 325-0265
(Federal Register 07/11/14)