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More Information Required on Importer ID Input Record under CBP Proposal

Posted October 09, 2014

Under U.S. Customs Issues

(STR Trade Report)

U.S. Customs and Border Protection is accepting through Dec. 8 comments on its proposal to expand the type and amount of information required on CBP Form 5106, the Importer ID Input Record (which would be renamed the Create/Update Importer Identity Form).

According to CBP, the collection of the information on this form is the basis for establishing bond coverage, release and entry of merchandise, liquidation, and the issuance of bills and refunds. Each person, business firm, government agency or other organization that intends to file an import entry must file this form with the first formal entry or request for services that will result in the issuance of a bill or a refund check upon adjustment of a cash collection. This form is also filed for the ultimate consignee for whom an entry is being made. Read more here.