As you know, U.S. Customs and Border Protection (CBP) requires detailed shipment information prior to your imports reaching the border. Certain information elements such as declared value and certain free trade agreement eligibility – can be a challenge to obtain prior to entry. That’s why CBP designed its Reconciliation program: so importers have a fallback position when shipment information is not available until a later date.
Under the Reconciliation program, approved importers can compliantly “correct” or reconcile missing or estimated information after their shipment has entered the United States.
Livingston has the customs reconciliation tools you need
Flexible, simple to use and entirely electronic, Livingston’s Reconciliation service allows you to effectively participate in and manage reconciliation – regardless if Livingston or another customs broker generated the import entry.
As a first step, Livingston will work with you to determine the right options for your reconciliation needs and help you define the data options for identifying your reconciliation shipments. You will receive a customized report to track any entries outstanding for reconciliation and alerts of upcoming final submission deadlines. As soon as we receive your reconciliation information, your final entries are filed with CBP.
It’s that simple.
The benefits of Livingston’s Reconciliation service
Working with an experienced partner like Livingston can bring additional benefits to your business beyond just those of reconciling your imports. Here are just a few of the ways our clients benefit from our approach:
- Improved compliance. You’ll have the time you need to ensure accurate information is being submitted to CBP, thereby reducing risk while increasing your overall corporate customs compliance.
- Cost savings. Reduce, or even eliminate, individual post-entry corrections and their processing costs – a savings that can go right to your bottom line.
- Flexibility. We know that every business is unique – no matter what your specific needs or requirements – our reconciliation service will be tailored to meet the needs of your business.
Talk to a Livingston representative today to find out more about how you can take advantage of CBP’s Reconciliation program and Livingston’s Reconciliation services.