CBP Seeks Comment on Info Collection for Commercial Invoices
CBP is seeking comments by July 22 on an existing information collection request for commercial invoices, it said in a notice. CBP proposes to extend the expiration date of this information collection with no change to the burden hours or to the information collected.
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.
Commercial Invoices
The collection of the commercial invoice is necessary for conducting adequate examination of merchandise and determination of the duties due on imported merchandise. A commercial invoice is presented to CBP by the importer for each shipment of merchandise at the time the entry summary is filed, subject to the conditions set forth in the CBP regulations. The information is used to ascertain the proper tariff classification and valuation of imported merchandise, as required by the Tariff Act of 1930. To facilitate trade, CBP did not develop a specific form for this information collection. Importers are allowed to use their existing invoices to comply with these regulations.
CBP Estimates
CBP estimated 46,500,000 total annual responses, estimated to create about 744,000 total annual burden hours.
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; and (d) ways to minimize the burden, including the use of automated collection techniques or the use of other forms of information technology.
(Federal Register 6/22/20)