CBP Submits Final Rule to Raise Informal Entry Limit for OMB Approval

CBP submitted its final rule to raise the informal entry limit and remove formal entry requirements for certain articles to the Office of Management and Budget for approval. CBP had proposed the increase in the informal entry limit from its current level of $2,000 to $2,500 in October 2011. The current level was set in 1998, so CBP proposed to increase the limit to account for inflation. The proposed rule also removed the language requiring formal entry for certain articles, because with the limitation of absolute quotas under the Agreement on Textiles and Closing, CBP no longer needs to require formal entry for these articles.