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Post-Summary Correction Where AD/CVD is Due

10/5/2015

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U.S. Customs and Border Protection (CBP) has issued an important reminder to all importers and brokers that an importer of record must deposit estimated Antidumping and Countervailing Duties (AD/CVD) at the time a Post-Summary Correction (PSC) or Post-Entry Amendment (PEA) is filed when the PSC/PEA is submitted to amend the following: • An entry type 01 is changed to correctly identify the AD/CVD entry type 03; • A change/correction is made to an entry type 03 that results in additional AD/CVD being owed. The importer’s failure to deposit AD/CVD may result in a claim for liquidated damages.

To read the CBP CSMS please follow this link:  CBP CSMS #15-000743

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    Michael Laden is a Founder and Principal of the firm.  He is a licensed customs broker and has been toiling in the international trade industry for almost 40 years.  His full bio can be found on the ABOUT US page.

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