What does PSC mean in customs?

Post Summary Correction
On June 24, 2011 CBP published a Federal Register Notice that announced the creation of Post Summary Correction (PSC) test (76 FR 37136). This notice stated that effective September 22, 2011, Post Entry Amendment (PEA) processing will no longer be accepted for ACE entry summaries.

What is a post summary correction?

Post Summary Correction is the means for making electronic corrections, via the Automated Commercial Environment (ACE), on entry summary data presented to and accepted by U.S. Customs and Border Protection (CBP).

What is entry reconciliation?

Reconciliation allows an importer to revise certain elements of an entry summary that were undeterminable at the time the merchandise was entered, such as, value, 9802, classification, and FTA. As an entry, a Reconciliation may be liquidated, rejected, or change liquidated.

What is a 514 protest?

Within 180 days of liquidation, the importer, their broker, or attorney can contest CBP decisions relating to imported merchandise with a protest under section 514 of the Tariff Act of 1930. Protests and petitions are generally filed on CBP Form 19. This form provides instructions on what is required to file a protest.

What is a recon rider?

Reconciliation Bond Riders, or Recon Riders, are an exciting provision of the US Customs and Border Protection’s (CBP) ACE program. Recon Riders allow you to estimate or omit key information at the time of import.

How long does customs have to decide a protest?

Normally, Customs must act on a protest within two years although Customs decides protests relating to the exclusion of merchandise within 30 days. However, importers can request in writing accelerated disposition of protests.

What is an ace protest filer account?

An ACE Protest Filer Account will provide access to the Protest application to file a CBP Protest. Once you have completed the form, select “Submit”.

What is an aggregate reconciliation?

Aggregate – a reconciliation filed with summarized data for all flagged entries showing reconciled adjustments at an aggregate level. A list of affected entries is required, but the revenue change does not need to be broken out according to the individual underlying entries.