Recent 19 USC Amendment Allowing 12 Days to Deposit Estimated Duties (From 10 Days) is a Technical Amendment and Has No Practical Impact
According to U.S. Customs and Border Protection (CBP) sources, the recent amendment to 19 USC 1505(a) providing 12 working days to deposit estimated duties (from 10 working days), is a "technical amendment" and does not affect the actual time line for the deposit of estimated duties.
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The amendment to 19 USC 1505(a) was made by the Miscellaneous Trade and Technical Corrections Act of 2004 (P.L. 108-429), and states that the deposit of estimated duties is due no later than 12 working days after entry or release (from 10 working days after entry or release).
Purpose of Amendment is to Provide Legal Basis for ACH's "Two Day" Window
Trade sources state that the purpose of this amendment is only to provide a legal basis for CBP to accept electronic ACH payment on the 12thday, as it is currently doing (as brokers paying via ACH typically authorize an electronic funds transfer to CBP on the 10th day, with the payment deposited into a CBP account two days later, on approximately the 12th day).
Still 10 Working Days for Payment and Filing of Entries
According to trade sources, this amendment does not change the 10-day period for the payment of entries. In addition trade sources state that all entry summaries are still due to be filed within 10 working days after the date of entry.
(Note that the following December 2004 ITT notices, 04120210 entitled "Details of the House- and Senate-Passed Conference Version of Miscellaneous trade Bill (Part VIII)" and 04122805 entitled " "CBP Memo on Scope/Effective Dates for Various Provisions in the Miscellaneous Trade Bill" will be clarified in the Online Archives, as will earlier March 2004 04032415 and July 2004 04072610 notices.)