Andean Trade Promotion Act Update

The latest information about the Andean Trade Promotion Act was sent on July 2 via ABI Administrative Message 07-0154. This trade agreement was extended to provide benefits for eligible countries from June 30, 2007 through February 29th, 2008. Entries from Colombia, Bolivia, Peru and Ecuador will not have to pay duties until the last day of February.

There was some confusion regarding this extension following the receipt of Administrative Message 07-0152, which declared the last date of this act to be July 2, 2007. If you submitted any entries and paid duties for them before receiving notice that the trade agreement had been extended, you may request a refund from Customs.

In the meanwhile, you may update your Country File for Colombia, Bolivia, Peru and Ecuador by editing the Expiration Date of 02/29/08 for J. Important: Please make sure that you only have one J indicator under the SPI codes. Some customers have reported having two separate J indicators entered under SPI Code 1 and 3, which could lead to errors.

You Asked, We Listened: Accounting Updates

ASCI programmers have been working on writing new programs for our accounting software that will make it easier to process checks and keep track of your finances. We hope to have an accounting release available for you within the next few months that will include these new programs.

If you have any suggestions about our accounting programs that we can use for this new release, please give us a call.

 

Tariff Update

Administrative Message 07-0151 was sent on June 28 regarding change to the Harmonized Tariff Schedule. Update Number 0707 contains changes made as a result of the Committee for Statistical Annotation of Tariff Schedules. See your ABI Message for more information.

Make sure to update your tariff file as soon as possible to ensure your data is accurate.

Our office will be closed on July 4th to celebrate Independence Day.

FTZ Program Available

ASCI is please to announce that our FTZ program has been certified by US Customs and is now available. This program allows you to file e-214's with ABI and is an excellent business opportunity to brokers who service Foreign Trade Zones.

For more information on this new software, please give us a call.

The road to happiness lies in two simple principles; find what interests you and that you can do well, and put your whole soul into it - every bit of energy and ambition and natural ability you have.

John D. Rockefeller

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