PAYING U.S. CUSTOMS ACH P M S - Scarbrough International...ACH • Automated Clearing House •...

www.scarbrough-intl.comwww.scarbrough-intl.com

PAYING U.S. CUSTOMSVIA ACH

&PERIODIC MONTHLY STATEMENTS

www.scarbrough-intl.com

3 Decades Of GrowthContinually expanding our services to exceed expectations

1www.scarbrough-intl.com

Freight Forwarding &U.S. Customs Brokerage

Regional Asset-Based Trucks

NVOCC Operations & Consolidation Services

North American Truck Brokerage

1984

1988

2003

2014

2015

2018

Freight Forwarding &Mexico Customs Brokerage

U.S. Customs & Supply Chain Consulting

2019

Warehouse Distribution & Fulfillment Services


SPEAKERS AGENDA

Alyson SchroerCorporate Operations ManagerScarbrough International, Ltd.

[email protected]+1.816.584.2421

Tia TenbrinkCorporate Compliance

Scarbrough Group of [email protected]

+1.816.584.2450

Kim TaylorMarketing Director


+1.816.584.2408

mailto:[email protected]




WHAT IS ACH

• Automated Clearing House• Importers should sign up for their own ACH

• Instead of writing a check to U.S. Customs, ACH allows payment directly from a bank account

• Quicker, more seamless process• A “Statement” is the means for triggering ACH payment

- A “Statement” is provided to the Importer by U.S. Customs - It shows a list of entries released on the same date - It includes the duties and fees owed to CBP


WHY IS ACH IMPORTANT?

• No more checks. Auto pay debit or credit with CBP

• Instant “credit terms” with CBP(plus the option of Periodic Monthly Statement – PMS)

• Can help with importer’s cash flow

• Applying for ACH may create the opportunity to receive better credit terms with the importer’s U.S. Customs Broker

We suggest debit, so CBP does all the work when it comes to collecting paymentNot comfortable? Open a new bank account just for ACH


WHO SHOULD APPLY?

THESE IMPORTERS SHOULD APPLY:

• High duty • Moderate to High Volume• An importer who has FTZ withdrawals,

or is affected by increased tariffs


HOW TO APPLY

FORM 400 ACH APPLICATION

https://www.cbp.gov/document/forms/form-400-ach-application

1. Fill out the U.S. Customs Form 4002. Send application to U.S. Customs3. Email: [email protected]

1. Or Scarbrough can do this for you2. Email: [email protected]

https://www.cbp.gov/document/forms/form-400-ach-application




AFTER APPLICATION SUBMISSION

• CBP assigns a Payor Unit Number to the Importer• The Payor Unit Number is sent back to the email address that is listed on the

application.• Importer must forward the Payor Unit Number to their Customs Broker• Customs broker will make adjustments to their operating system • The importer can now pay CBP via ACH (through their Customs broker)

NEXT QUESTION:

DO YOU AS AN IMPORTER WANT

PERIODIC MONTHLY STATEMENT (PMS)?


PERIODIC MONTHLY STATEMENT

• Periodic Monthly Statement provides the ability to make periodic duty payments on an interest-free monthly basis

• PMS is still based off of release date

• Importer will continue to receive the daily statements as in ACH, however they do not need to pay until monthly statements are processed

• Prelim statement prints on the 11th workday of the following month and Final prints on the 15th workday

Example: Shipments that release in May 2019 will be paid on June 2019 PMS statement


STATEMENTS ACH DAILY VS. PMS STATEMENT


BENEFITS OF PMS

• Depending when the shipment releases, credit terms can be up to 6 weeks• PMS consolidates all duty payments for the month into one statement vs. ACH

where the payment is pulled from account each time)• Consolidated by port and by IRS number

• Withdrawals only come out of your account once per month

• Payment to CBP is due the following month vs. the 10-day window from shipment release

• Again, If client has ACH and PMS, it may create the opportunity to receive better credit terms with their U.S. Customs broker and increase their own cash flow

If Scarbrough is the assigned Customs Broker, we can do the heavy lifting for you and assist with reporting


WHAT DO YOU MEAN UP TO 6 WEEKS?

• Paying U.S. Customs via PMS allows importers to extend payment terms of duty up to 6 weeks, dependent upon release date.

- If shipment releases May 6, 2019, it will print on preliminary PMS statement on June 16th

- Final PMS statement prints on June 21st

- 45 calendar days - Non PMS statement, payment date would be May 17th

• If a shipment released on May 30, however, the prelim PMS statement would still print on June 16 and final payment on June 21.

• The PMS comes out the month following release on the same date regardless when the released occurred.


PERIODIC MONTHLY STATEMENT (PMS)

U.S. Customs establishes PMS dates at the beginning of each year

Periodic Monthly Statement Dates for 2019

MonthPreliminary Statements 11th

WorkdayFinal Statements 15th

WorkdayEstimated Withdrawal

Date

January 1/16/2019 1/23/2019 1/25/2019

February 2/15/2019 2/22/2019 2/26/2019

March 3/15/2019 3/21/2019 3/25/2019

April 4/15/2019 4/19/2019 4/23/2019

May 5/15/2019 5/21/2019 5/23/2019

June 6/17/2019 6/21/2019 6/25/2019

July 7/16/2019 7/22/2019 7/24/2019

August 8/15/2019 8/21/2019 8/23/2019

September 9/17/2019 9/23/2019 9/25/2019

October 10/16/2019 10/22/2019 10/24/2019

November 11/18/2019 11/22/2019 11/26/2019

December 12/16/2019 12/20/2019 12/24/2019


HOW TO PULL PMS FROM ACE

1. Log into ACE Portal2. Click on Accounts Tab

3. Change drop-down to Importer and click GO button4. Click on Reports link, then click on the Launch Tool button, this pulls up the

Reporting Module5. Under the available workspace section, click on Importer.

6. At the top of the page, click on the Statements tab7. The available reports will show up in the window on the left8. Select the report you would like to run and enter the date range and hit okay


MONTHLY STATEMENT IN ACE PORTAL


Q&A

PAYINGU.S. CUSTOMS

VIA ACH &

PERIODIC MONTHLY STATEMENTS


SPEAKERS AGENDA

Alyson SchroerCorporate Operations ManagerScarbrough International, Ltd.

[email protected]+1.816.584.2421

Tia TenbrinkCorporate Compliance


+1.816.584.2450

Kim TaylorMarketing Director


+1.816.584.2408




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