Finanse publiczne · 09/06/1997

Increase of Maximum Amount for Informal Entries to $2000

Under the current Customs Regulations, shipments of merchandise generally must be valued at $1,250 or less in order to qualify for informal entry procedures. This regulatory value limit reflects the previous statutory maximum that the Secretary of the Treasury could establish by regulation under 19 U.S.C. 1498(a)(1) prior to its amendment by section 662 of the North American Free Trade Agreement Implementation Act which raised the statutory maximum to $2,500. As a consequence of this increase in the statutory maximum, and consistent with the regulatory discretion conferred by the statute to establish a level within that limit, Customs proposes in this document to amend the Customs Regulations to increase the informal entry value limit to $2,000.