US HB7224

Express consignment carriers may use simplified "informal entry" procedures for merchandise shipments valued at $600 or less, bypassing standard formal entry requirements under the Tariff Act of 1930, if they submit an approved electronic advanced manifest to U.S. Customs and Border Protection.

Shipments subject to antidumping/countervailing duties, tariff-rate quotas, Internal Revenue Code taxes collected by agencies other than CBP (including alcohol and tobacco), or non-waived fees from other federal agencies are excluded from the informal entry process.

Importers must pay a fee equal to one of three options: 20% ad valorem, the equivalent formal entry tariff rate, or other applicable duty rates based on country of origin.

The fee replaces certain Consolidated Omnibus Budget Reconciliation Act charges, most-favored nation tariff rates, and Section 232 Trade Expansion Act duties; carriers remit collected fees quarterly to CBP for deposit in the Treasury general fund.

Carriers must have signed narcotics information sharing agreements with CBP and narcotics enforcement agreements with ICE, and the Act takes effect 30 days after enactment.