In-BondProcedures-ramac.ppt

* An I.E. Entry will only be used of the delivery carrier requests that his bond be cancelled. A new in-bond entry created and placed on the exporting carrier’s bond. Note: Many carrier’s do not want their bond used after they have delivered due to risk. * In-bond “TE” Entry originating from Winnipeg Canada entered thru Pembina, ND. Entry is filed “QP” electronically thru Customs via the Automated Broker Interface (ABI) * Many of the bonded carriers want their bond removed from the in-bond movement once they deliver to the port of destination. Another bonded carrier must assume the responsibility by issuing a “I.E.” or “T.E” to move the cargo into Mexico. Many of the carrier do not want to take the risk because the CBP penalties are extremely brutal. * In-bond movement from Mexico to Winnipeg Canada and exported thru Pembina, ND * In-Bond Entry type when a carrier arrives on an “I.T.”. In order to export a “I.E.” In-Bond type must be used. A “TE” In-bond entry must be used if exporting to another port. Say In-Bond arrives to Pharr but Customer want to export thru Brownsville, then a “TE” in-bond would be applicable. * In-Bond from Ontario Canada originally on a “TE” entry, cancelled carriers bond and placed on “I.E.” entry and placed on another’s bonded carriers bond. * * * * In-Bonds (CBP 7512)Mercancia bajo finanza Aduanero Objectives Regulatory Basis – 19 C.F.R., Part 18 What is the meaning of “In-bond” Bonded Carrier’s Why is In-bond Used? Benefits of Using In-Bond Types of “In-Bond” Entry In-bond CBP compliance Export in a timely manner Avoid fines/penalties from U.S. Customs What is the meaning of In-Bond? Transportation Entry (CBP 7512), defined in regulations under19 CFR, Chapter 18. Defined: Chapter 18 covers the transportation of merchandise that has entered the Customs Territory of the United States but is being transported to another port for either Entry or exportation. CBP allows cargo to move through the US prior to the cargo being cle