U.S. Customs & Border Protection (CBP) has recently released a Fact Sheet on the increased de minimis value threshold. The Act of 2015 included an amendment for Section 321 releases which increased the de minimis value exemption from duties and taxes from $200 to $800. In order for imports to be processed under a Section 321, the Customs Invoice must include a clear designation of a Section 321 release to be processed, and the carrier must complete their e-Manifest with a release type of Section 321. CBP implemented the change on March 10, 2016. CBP Fact Sheet:
Customs & Logistics News Story
Pertains to U.S.
Published in June 15, 2016 issue
Published in June 15, 2016 issue