CBP has increased the limit from $2,000.00 to $2,500.00 for commercial importations of merchandise that qualify for an informal entry. This increase goes into effect January 7, 2013. Also, certain commodities that required formal entry because they were subject to absolute quotas no longer need formal entry; the following ranges of HTS numbers are now eligible to be entered on an informal entry if the value does not exceed $2,500.00:

3901.10.1000-4304.00.0000

5001.00.0000-6704.90.0000

9401.10.4000-9406.00.8090

Formal entry is still required for goods classified under subheading 9903 and 9904.

This change also effects the reporting of the ultimate consignee at the time of release. Entries valued at $2,500.00 or less must be identified with the appropriate ultimate consignee name and address or ultimate consignee number.

Entries valued at greater than $2,500.00 require that the ultimate consignees identification (EIN) number be used and may not be identified with an ABI transmission of only the ultimate consignees name and address.

Please contact your Liberty representative if you have any questions.