The United States Government announced that effective on January 7, 2013, it is delivering on its commitment under the U.S.-Canada Beyond the Border Action Plan through the publication of a final rule in the Federal Register titled Informal Entry Limit and Removal of a Formal Entry Requirement.
This rule will increase the value thresholds to $2,500 for expedited customs clearance from the current levels of $2,000 and facilitate trade for low value shipments. Importers will realize an annual benefit of an estimated $13 million.
On October 28, 2011, U.S. Customs and Border Protection (CBP) published a proposed rule in the Federal Register proposing to amend title 19 of the Code of Federal Regulations to increase the informal entry limit from $2,000 to $2,500, the maximum statutory limit, in response to inflation and to reduce the burden on importers and other entry filers. CBP received comments on the proposed rule for 60 days. Currently, for any merchandise valued over $2,000, CBP requires importers to provide a surety bond, complete CBP form 7501, and pay a minimum of $25 in Merchandise Processing Fees.
Reddy & Neumann, P.C. is an immigration law firm in Houston, Texas. For over 15 years, our firm has successfully represented corporate clients across the United States in their efforts to bring foreign workers and business professionals to the United States. Reddy & Neumann, P.C. is dedicated in its advocacy and community involvement efforts towards achieving effective comprehensive immigration policy reform. From filing, through approval, and on to appeal, we do everything possible to ensure that your company can bring the best and brightest in the world to the United States.