U.S. Customs and Border Protection (CBP) today released for publication in the Federal Register a final rule that amends certain existing regulations regarding the requirements to report certain data about exported cargo. Today’s final rule is issued generally to conform existing CBP regulations to current requirements.
As explained in the preamble to today’s final rule [PDF 247 KB], various CBP regulations regarding exported cargo refer to outdated regulations or requirements of the U.S. Census Bureau—including the requirement to submit a paper Shipper’s Export Declaration (SED) (a form that has been eliminated). Information previously filed on the paper SED is now required to be filed electronically through the Automated Export System (AES).
Today’s final rule amends the CBP regulations to incorporate the current requirements; makes related conforming changes; and reflects certain “nonsubstantive editorial and nomenclature changes.” Specifically, the final rule:
The effective date for the final rule is July 13, 2017 (the scheduled date of its publication in the Federal Register).
For more information, contact a professional with KPMG’s Trade & Customs practice:
Douglas Zuvich | +1 (312) 665-1022 | email@example.com
Andrew Siciliano | +1 (631) 425-6057 | firstname.lastname@example.org
© 2017 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.