Enhancing The Benefits Of CBP Prior Disclosure Program
When filing a valid prior disclosure, an importer is required to pay duties and fees, plus interest, owed as a result of the disclosed errors. The revised regulations permit CBP to offset underpayments of duties or fees with overpayments of duties and fees on entries covered by a prior disclosure in all cases.
This offsetting, or netting of underpayments and overpayments,...
To view the full article, register now.