ISF Filings
ACH & PMS
U.S. customs binding rulings in statement processing, to pay duties with one electronic transaction in a secure environment. ACH fulfills the need for swift, accurate payment transfers in today’s competitive business environment.
Applying for ACH is very easy. Once the ACH application is received and approved, you will be assigned a unique payer unit number thus making you eligible to pay duties via ACH.
The ACH process is simple: Fast Courier Services Limited transmits the payment authorization to Customs through the Automated Broker Interface (ABI). One ACH payment is made per ACH statement. The payer’s account is debited and the Customs account is credited with the amount due. It is secure and eliminates the time consuming use of cash or checks to pay duties, taxes and fees.
Fast Courier Services Limited can adjust its automated ACH system to provide the payment alert on any day you choose.
Fast Courier Services Limited can send you an advanced ACH report that indicates covered shipments, their value, and the duty calculations.
Fast Courier Services Limited will notify you electronically of Customs’ acceptance of your ACH payment.
PMS streamlines duty statement processing while also positively impacting your cash flow. You can have a once a month, interest free duty payment. This gives your company flexibility in managing the working capital required for duty payments.
The first is a Single Transaction Bond (also known as a Single Entry Bond or SEB), which covers a single import transaction at one port of entry.
The total bond amount is determined by the type of bond needed, as well as the limit of liability required by Customs.
The second type of bond is a Continuous Bond, which covers all entries made by an importer at a port of entry. The most common amount for a Continuous Bond is $50,000.00, which is also the least amount allowable by Customs of most countries we operate in.
The amount of a Continuous Bond is generally 10% of the importer’s annual estimated duties for the next calendar year and its good for one complete year.