If you are engaging the services of a Customs Broker, CBP expects controls and tools in place to oversee their activities and the entries that they are processing on your behalf. The Customs Management system supports receiving line item entry details (not summarized HTS data) back from the Customs Broker for audit and record keeping. Typical audits include:

• Does the value of the Commercial Invoice match the total entered value   (TEV) of the entry?
• Are there discrepancies with the MIDs, Country of Origin, Country of Export   & Tariff applied?
• From a receiving report, does the quantity received match the entry   quantity?
• What is the performance level of the Broker?

Payment Verification

The payment verification tool enables an audit of vendor payment data against the entry’s total entered value. A data feed from your Accounts Payable is used to match up against values submitted to customs. Discrepancies are quickly identified and underpayment of duties can be corrected with a Voluntary Tender Notice within the mandatory dates.

Audit & Recordkeeping

In addition to the audits discussed previously, the Customs Management supports the special recordkeeping and production requirements for certain entry records identified by CBP in the “(a)(1)(A) list”. As a general rule, any record is required to be made, kept and rendered for examination or inspection must be kept for 5 years from the date of entry. This is particular important if you are taking advantage of special trade programs like NAFTA.
A record-keeping violation for a NAFTA entry may include penalties for both making false NAFTA claims and for record-keeping violations. The record-keeping penalty for negligence is $10,000 per entry.

Reconciliation

The Reconciliation option allows for the filing of special entry summary type “09” for reconciliation. It automates the compilation of the underlying entries in accordance with U.S. Customs requirements. Simply provide the reconciliation criteria and the new values, and Editrade Compliance™ does the rest!

Special Features:
•Maintains historical interest rates
•Handles blanket reconciliation
•Alert generation when reconciliation deadlines are approaching (within 30   days) or have expired
•Prepares a pre-reconciliation report of the entries that meet specific dates   and reporting criteria
•Create a reconciliation status report
•Prepares a reconciliation recap report indicating the discrepancies between   the original and reconciled values

Drawback Filer

Submit duty drawback claims to U.S. Customs via the Automated Broker Interface (ABI) and obtain expedited processing from U.S. Customs. Reduce the processing time of drawback claims to weeks, instead of months.

• Meets U.S. Customs format requirements for the submission of drawback claims
• Displays selection lists for commonly used codes
• Provides printed report of drawback claim information
• Imports data

U.S. Customs has established a program to accept drawback claim information via ABI. Customs has stated that claims submitted on ABI will be given the highest priority. It remains the filer’s responsibility to understand drawback procedures and U.S. Customs record-keeping requirements. Drawback Filer allows you to extract only the information needed to submit to Customs via ABI. The Drawback Filer then formats your information for submission.

Warehouse Entry Validation

CBP requires that the quantity received at the warehouse is equal to the quantity declared. Should there be a discrepancy a change to the entry is required. Editrade Compliance analyzes data streams of Warehouse receipts from various sources to perform this validation.