International Trade Today is providing readers with some of the top stories for Oct. 10-13 in case they were missed.
Combining ACE accounts following a merger or acquisition may result in lost historical data, said Ted Murphy, a customs lawyer at Baker & McKenzie, in a blog post. While CBP's describes merging ACE accounts, it "is really more like the 'deleting' of an old account and the creation of a new sub-account that is unrelated to the old account (the old data is no longer accessible)," Murphy said. CBP told Murphy that this is meant to avoid unauthorized access. "While there certainly is an interest in maintaining the security of data in ACE accounts, it is difficult to discern the rationale for deleting historical import data for which the acquiring entity will, in most circumstances, bear liability on a going forward basis," Murphy said. It may make more sense for an acquirer to maintain the ACE account of the acquired company and instead cancel user accounts as needed, he said. "This advice may become especially important if CBP eventually eliminates the ability of companies to request historical [Importer Trade Activity (ITRAC)] data, as has been rumored with the ACE transition." CBP didn't comment.
RANCHO MIRAGE, Calif. -- CBP is “currently on schedule” with its development of ACE drawback capabilities set for deployment in February, Acting CBP Commissioner Kevin McAleenan said Oct. 13 at the Western Cargo Conference (WESCCON). The agency is “planning success but will have a back-up plan” for any hiccups associated with the drawback deployment, and will share any contingency plans with the trade community this fall, he said.
CBP issued the following releases on commercial trade and related matters:
CBP issued the following releases on commercial trade and related matters:
CBP issued the following release on commercial trade and related matters:
CBP issued the following releases on commercial trade and related matters:
International Trade Today is providing readers with some of the top stories for Oct. 2-6 in case they were missed.
Software developers and customs brokers expressed concerns over the upcoming Dec. 9 deployment of statements in ACE, on an Oct. 6 conference call hosted by the National Customs Brokers & Forwarders Association of America. Though software developers reported that programming has been largely completed for some time, they said CBP needs to quickly issue transition guidelines and fallback procedures, especially given the widespread impact any issues with statements would have on trade.
CBP issued the following releases on commercial trade and related matters: