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One of the biggest benefits would be that the Trade would only need to provide the reconciled amounts and not the original amounts since ACE already knows the original amounts.
Also, if no PSC is made, it indicates no changes are needed on the reconciled entry and is then subjected to liquidation.
The next significant release falls into the “Post Release” bucket and covers drawback, liquidations, duty deferral, reconciliation, e Bond, as well as a few more housekeeping measures.
This release, originally scheduled for January 14, 2017, was postponed in order to provide the trade with more time to code and test the changes. Beyond these updates, the ACE Deployment Schedule lists only “TBD: Mandatory use of ACE for electronic filing of remaining PGA data, pending PGA regulatory updates” as outstanding work to be done.
A Simplified Processes Working Group was established to identify challenges and discuss potential solutions to critical trade needs; gather requirements; and develop a proposed alternative.
Now, however, CBP has reversed course as ACE gets closer to serving as the agency’s official system of record for trade transactions.
Many in the trade are enjoying the respite from the barrage of changing functionality and requirements and looking forward to stabilizing their import programs while enjoying the benefits of ACE (ie: Post Summary Corrections, ACE Portal Reporting, etc.) At Customs Now™, our programmers, after some well-deserved down time, have returned to upgrading the functionality within our systems and we’re very excited about some of the coming enhancements including web-based functionality, the ability access our applications using phones and tablets, and much, much more.
It is now mandated that select data elements be submitted into ACE at the time of entry for FDA-regulated articles to include foods, human and animal drugs, medical devices, biological products, human cells, tissues, and cellular and tissue-based products (HCT/Ps), radiation-emitting electronic products, cosmetics, and tobacco products.
And please contact us if you’d like to learn more about our new PSC stand-alone solution!
to use a Post-Summary Correction (PSC) (or Post Entry Amendments (PEA)) filing to submit invoices that were omitted from an entry filing.Drawback profiles will be submitted electronically using the 5106 form.