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UPDATED: 5/7/05
 

  Periodic Monthly Statement (PMS)

One of the major benefits of ACE is periodic montly statement (PMS). The PMS system enables importers or their broker to pay customs fees on the 15th of the month for entries filed during the previous month. This enables teh importer to have as many as 45 days to pay duty without interest.

There are many scenarios for participation:

Importers will need to enroll for this service. As your broker, we can enroll on your behalf. Please send us a letter requesting participation in PMS, and we will proceed. This letter should also advise if your company participates in ACE or C-TPAT.

Note: importers must have a continous bond on file with CBP.

 

 

 

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