An importer of mine asked some very good questions about 10+2. See questions and answers below:
1. Who is ultimately responsible for supplying the ISF data US customs ? The United States Importer which represents my clients is responsible.
2. Who will submit the ISF data to US customs ? It is the importer’s responsibility therefore Henry Kloch & Co will probably be the one filing unless the importer has made other arrangements.
3. Is Henry Kloch Company prepared to submit the ISF data to US customs ? Soon. Our software vendor is making modifications in the software and we should be able to start testing the system soon with test filings of the ISF.
4. Any requirement does Henry Kloch Company need to proceed to submit the data for Tripper Inc ? Yes, time and information. We will need the data prior to shipping. The filings must be done 24 hours before sailing which means we will need data several days before that. If there are weekends and holidays in between, we will need more time.
5. Are there any fees associated with this ? Yes but since I do not know how much time/work is involved in the filings, I cannot calculate the cost yet.
6. Is there any penalty if us doesn’t submit these 10 items ISF Data ? The penalty is $5000 to the importer. We do not know if this represents a minimum, maximum or flat amount. Again, no penalties will be assessed for at least one year.
