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CBP Added Corporate Surety POA Capabilites in ACE, Says TAO Update

CBP added numerous new capabilities to the Automated Commercial Environment (ACE) this year, including the ability for sureties to maintain their power of attorney using an ID number, the agency said in its ACE Trade Account Owner (TAO) update for November and December. The TAO includes a list of features added to ACE this year.

Recently added ACE features include:

December

November

October

September

Informal Entry Change

The TAO update also informs the trade that coming changes to informal entry rules will eliminate the need for a surety bond. Currently, for any merchandise valued over $2,000, CBP requires importers to provide a surety bond, complete the CBP form 7501, and pay a minimum of $25 in Merchandise Processing Fee (MPF). The informal value limit will increase from the current limit of $2,000 to $2,500. This change will result in eliminating the need for a surety bond, expediting the customs clearance process, and reducing the required MPF amount to $2 (assuming the entries are filed electronically). The effective date for this change is Jan. 7.