CARM: What all importers need to know about CARM

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Higher U.S. Customs User Fees effective October 1, 2019

Effective October 1, 2019, there will be new minimums and maximums for U.S. Customs’ Merchandise Processing Fee (MPF). The minimum will be $26.79 per transaction(previously $26.22) and the maximum will be $519.76 (previously $508.70). The Informal MPF (applies to shipments valued under $2,500USD) will change from $2.05to $2.14. The MPF rate of 0.3464% will not change. Goods of NAFTA Preferential Origin are exemptMPF. In addition to the MPF, various other U.S. Customs User Fees are also increasing – seefulllisthere.

The Merchandise Processing Fee is a fee imposed by U.S. Customs and Border Protection (CBP) to offset the cost of salaries and other expenses incurred in the processing of imports and release of merchandise into the United States.

For more information, contact Brian Rowe, Director – Customs Compliance & Regulatory Affairs.

Quick Tip #25
Insurance primer

Protect your business interests by ensuring you understand what is covered by your cargo insurance policy – and what is not. Without proper insurance, even one loss can have a huge impact on your bottom line.

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