CBP Seeks Comment on Commercial Invoice Info Collection
CBP is seeking comments by April 14 on an existing information collection for commercial invoices. CBP proposes (here) to extend the expiration date of this information collection with no change to the burden hours or the information collected.
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.
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. The commercial invoice is provided to CBP by the importer. 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 46.5 million 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; (d) ways to minimize the burden, including the use of automated collection techniques or the use of other forms of information technology; and (e) the annual costs burden to respondents or record keepers from the collection of information (a total of capital/startup costs and operations and maintenance costs).
(Federal Register 02/13/17)