Can I file my own ISF 10+2 form?
If you’re determined to make a living by importing goods to the U.S., many articles and companies will try convincing you to hire a licensed customs broker. They give the main reason to help navigate the complicated paperwork required by the United States Customs and Border Protection (CBP), including the famous ISF (10+2) form. However, players in almost every industry have shifted towards outsourcing and finding online solutions to their daily challenges to cut costs and save time. Importing is no different, and there is no reason in this digital age not to use online customs clearance solutions to file your own ISF 10+2 form and clear your goods yourself.
What is the ISF 10+2 form?
The 10+2 rule only applies to ocean cargo imports and aims to screen high-risk shipments before entry to protect the country from illegal activities or terrorism. It identifies players in the supply chain and amalgamates with the 24 Hour Rule to deliver precise imported goods’ details. The 10+2 ISF form increases the importer’s accountability but reduces examination for low-risk shipments. The CBP compares the data received with the ISF to the data on the Entry Summary (CBP form 7501 or broker entry 7501) to assess risk and confirm the ISF data.
Take note that the 10+2 must be filed with the CBP 24 hours before the cargo sails from the last port of origin into the U.S. You could be fined for late filing or even have your goods seized.
Is a customs broker compulsory?
The above may sound complicated, especially for first-time importers, and even begs the question of whether hiring a customs broker is compulsory. While it may be useful, there is no legal requirement to use one.
Continue Reading: https://www.insightssuccess.com/can-i-file-my-own-isf-102-form/.