Livingston International Advises Importers that the CBSA’s Assessment and Revenue Management Project Starts Today

First phase changes the way importers see their accounting records

FOR IMMEDIATE RELEASE

January 25, 2016

TORONTO – The first phase of the Canada Border Services Agency’s (CBSA) Assessment and Revenue Management Project (CARM), Accounts Receivable Ledger system (ARL), starts today and changes the way importers see their accounting records. As a key contributor of the CBSA’s new program for CARM, leading customs broker and trade compliance company Livingston International breaks down what this means for importers.

  • A fully integrated and centralized commercial client-based accounting system.
  • Enhanced electronic Daily Notices (DNs) that will detail the receipt and posting of added and existing transactions received in ARL during the previous day.
  • A new monthly Statement of Account (SOA) that will provide a summarized daily total for all documents posted within the current billing cycle and indicate the total amount payable and the payment due date.

All importers, with or without their own ASEC, will receive ePayment and internet banking options, allowing importers to pay electronically direct to the Receiver General. They will also receive credit offsets.

“CARM’s ARL phase allows CBSA to more efficiently and effectively manage and report on revenues collected on behalf of the Canadian government,” said Candace Sider, vice president for regulatory affairs at Livingston International. “This is only the first phase of many changes importers will experience and it’s important that they continue to stay abreast of the latest developments.”

Importers that do not hold their own ASEC number will not receive an electronic DN or SOA from CBSA, however they can pick up their balance statement at any ARL designated office of CBSA by providing their business number.

About Livingston

Livingston International focuses on customs brokerage and trade compliance, offering international trade consulting, global trade management and freight forwarding. It provides clarity in a world of trade complexity, so business can grow further, faster and smarter. Livingston employs over 3,100 staff at 100 key border points, sea ports, airports and other strategic locations across North America, Europe and Asia. www.livingstonintl.com

MEDIA CONTACTS:
Pat Stanghieri
Livingston International
1-800-387-7582 ext. 3292
pstanghieri@livingstonintl.com

Samantha Blieden
PCI
312-558-1770 ext. 138
nterchek@pcipr.com