CBP to Make Refunds Available Via New ACH Functionality
The Automated Clearinghouse Refund Authorization tab will be deployed in ACE Reports on Sept. 30 to allow for faster processing, according to a Federal Register notice.
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CBP said the new functionality will make electronic refunds available via ACH. Currently, refunds are available after being deposited electronically in an importer's bank account following CBP's manual processing of the ACH Refunds Enrollment Form.
The functionality will be the primary method for applying for an ACH refund "for importers or similar parties that are entitled to receive refunds or disbursements from CBP and that are able to obtain an ACE Portal account, replacing the more manual email process," CBP said.
"If an individual or entity is not able to obtain an ACE Portal account or otherwise cannot access the ACE Refund Authorization tab in the ACE Portal, the individual or entity may submit an ACH Refunds Enrollment Form for manual processing," it added.