CBP Makes Several Additions to ACE Deployment Schedule
The next ACE deployment to affect the trade will be risk based bonding under the Trade Facilitation and Trade Enforcement Act, CBP said in an updated deployment schedule. The agency said Release 1B for TFTEA risk based bonding in scheduled for March 2020, while release 2 will be deployed in July. Those additions are meant to reduce the risk of uncollected antidumping or countervailing duties and then “provide CBP users with a single view of all bonds (i.e. bond usage) for a given entry/entry summary number," it said. The first phase of truck manifest deployment (see 1911040023) is planned for March 2020, while deployment of Real Time Automated Surety Interface capabilities is set for June, it said.
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CBP will deploy risk based bonding for continuous bonds Sept. 30, 2020, which will "will automate the analytical formula for importer/broker continuous bonds," it said. Also, "this implementation will allow for the addition of importer-specific risk factors into the analytical formula to more accurately calculate importer/broker continuous bond amounts based on the risk associated to a specific importer," CBP said. Also new to the list, but with target dates not yet determined, are Electronic Vessel Manifest Confidentiality (see 1908230012) and an updated e214 Foreign-Trade Zone admission process.