Category: Supply Chain, Customs, Import, Customs Broker
Benefits of Using Automated Clearinghouse (ACH) & Periodic Monthly Statement (PMS) Customs Automated Clearinghouse (ACH) is an electronic payment option that allows participants to pay customs fees, duties, and taxes electronically, as well as receive refunds of customs duties, taxes and fees electronically. ACH automates the payment process for importers in a secure environment. ACH provides importers a fast and paperless method of paying duties and fees and receiving refunds. Applying to participate in CBP ACH is simple. Importers fill out an application, when the application is received and approved, you will be assigned a unique payer identification number. What is the ACH process? Norman Krieger, Inc. will transmit the payment authorization to Customs through the Automated Broker Interface (ABI). Norman Krieger, Inc. sends one ACH payment authorization per statement. We will receive a confirmation message that the ACH payment has been accepted. After ACH payment authorization is approved, funds transfer begins, the importer is debited and Customs is credited with the amount due. ACH is secure, accurate, and eliminates the time-consuming methods of using cash or checks to pay duties, taxes and fees. Benefits of using ACH include:
Benefits of Using ACH & PMS
October 17, 2019 Posted by Tanya Krieger
Obtain up to an additional 10 days to pay duties, taxes, and fees on quota and other special merchandise classes.
Reduce administrative processing and costs.
Pay all ABI statements in a central location.
Eliminate lost or stolen check problems.
Control cash flow by identifying the exact day to allocate funds.