CBP Extends Comment Period on Commercial Invoice Info Collection
CBP is extending the comment period to Feb. 2 on the paperwork burden of Commercial Invoice form: OMB No. 1651-0090, it said in a notice. CBP said the provision of a commercial invoice by an importer is necessary for doing adequate examination of merchandise and determination of the duties due on imported merchandise. The information is used to ascertain the proper tariff classification and valuation of imported merchandise. CBP doesn't require a specific form for this information collection: Importers are allowed to use their existing invoices to comply with these regulations. It estimated 38,500 filings at one minute each as a result of the requirement.
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
(Federal Register 01/28/14)