CBP Proposes Informal Entry Limit Increase and Removal of a Formal Entry Requirement
U.S. Customs and Border Protection (CBP) has issued a proposed rule to increase the informal entry limit from $2,000 to $2,500. CBP states that its proposal to raise the informal entry amount to its maximum statutory limit is a response to inflation that has occurred since the current limit of $2,000 was established in 1998. In addition, CBP proposes to remove the language requiring formal entry for certain articles, because with the elimination of absolute quotas under the Agreement on Textiles and Clothing, CBP no longer needs to require formal entries for these articles. The proposed rule also makes non-substantive editorial and nomenclature changes. Comments on the proposed rule are due by December 27, 2011.
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