Entry visibility is an aspect of supply chain visibility, allowing a company to manage the proper use of trade compliance data for the importation of goods from the time they leave a foreign supplier until the time those goods reach their destination. Entry visibility aims to ensure that all regulatory, compliance, and documentation requirements are met in a timely fashion along the way. When importing into the U.S., every individual transaction must be compliant with The Customs Modernization Act (Mod Act), and the Importer Security Filing (10+2). Under the Mod Act, importers are required to maintain and produce timely records at the time of entry. Furthermore, the Mod Act includes a "Reasonable Care" clause, which states that importers and brokers need a comprehensive audit process to en
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| - Entry visibility is an aspect of supply chain visibility, allowing a company to manage the proper use of trade compliance data for the importation of goods from the time they leave a foreign supplier until the time those goods reach their destination. Entry visibility aims to ensure that all regulatory, compliance, and documentation requirements are met in a timely fashion along the way. When importing into the U.S., every individual transaction must be compliant with The Customs Modernization Act (Mod Act), and the Importer Security Filing (10+2). Under the Mod Act, importers are required to maintain and produce timely records at the time of entry. Furthermore, the Mod Act includes a "Reasonable Care" clause, which states that importers and brokers need a comprehensive audit process to en (en)
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| - Entry visibility is an aspect of supply chain visibility, allowing a company to manage the proper use of trade compliance data for the importation of goods from the time they leave a foreign supplier until the time those goods reach their destination. Entry visibility aims to ensure that all regulatory, compliance, and documentation requirements are met in a timely fashion along the way. When importing into the U.S., every individual transaction must be compliant with The Customs Modernization Act (Mod Act), and the Importer Security Filing (10+2). Under the Mod Act, importers are required to maintain and produce timely records at the time of entry. Furthermore, the Mod Act includes a "Reasonable Care" clause, which states that importers and brokers need a comprehensive audit process to ensure they have met all compliance requirements and provided the correct information on all entry filings. An entry is a declaration of information prepared by a customs broker on an entry form and submitted to customs. The information on an entry includes, but is not limited to, the following data elements:
* Harmonized Schedule Number
* Country of origin
* Description of goods
* Quantity
* CIF (Cost, Insurance, and Freight) value of the goods
* Estimated amount of duty paid Upon inspection by a customs officer, if the entry is verified as correct or "perfect entry," the goods are released upon payment of duty to the importer. If an entry has incorrect information, customs may hold the shipment if the importer does not "reconcile" the entry. Main types of entry include:
* Consumption entry: for goods to be offered for sale (consumption) in the importing country
* Formal entry: that is required to be covered by an entry bond because its aggregate value exceeds a certain amount
* Informal entry: that is not required to be covered under an entry bond because its value is less than a certain amount
* In-transit entry: for the movement of goods from the port of unloading to the port of destination under a Customs bond
* Mail entry: for goods entering through post office or courier service and below a certain value
* Personal baggage entry: for goods brought imported as personal baggage
* Transportation and exportation entry: for goods passing through a country en route to another country
* Warehouse entry: for the goods stored in a bonded warehouse. (en)
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