U.S. $2,500 limit for informal entries takes effect

North America

Friday, January 11, 2013

A new U.S. rule raising the threshold value to $2,500 for shipments eligible for informal customs entry went into effect Jan. 7. As previously reported, U.S. Customs and Border Protection last month published notice of its intent to increase by $500 the limit for which merchandise may qualify for an informal entry , thereby eliminating the need for a surety bond, expediting customs clearance and reducing the amount of the Merchandise Processing Fee from $25 to $2 for ele...

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