Unlocking the Secrets of Customs Clearance: The Vital Role of Liquidation and How to Keep Track!
The liquidation process by U.S. Customs and Border Protection (CBP) is a crucial step in finalizing the duties and taxes on imported goods. Here’s an illustration of the process: 1. Entry Filing: Importer Declaration: The importer or their customs broker files an entry summary (CBP Form 7501) with CBP, declaring the imported goods and providing … Read more