FAQS
Faqs
Frequently asked questions for ISF Filing
Customs clearance is required to be filed with U.S. Customs the calculated import duty and shipment details via form 7501 + 3461. These are submitted electronically to customs for them to review shipment details and to pay for import duty. Customs clearance service is quoted separately from ISF Filing.
The ISF Filing to U.S. Customs required a bond to be on file with the ISF submission. For importers which do not have a Continuous Bond, the ISF Bond can be obtained for single shipment ISF Filing. The ISF Bond is not be be confused with the Single Entry Bond for customs clearance. Bonds are required by Customs to safeguard their financial interests in the case of penalties or fine issued for non compliance of import regulations.
Customs reserves the right to issue penalty for late ISF Filings. Not all late ISF's will be automatically fined by Customs. Each shipment will be reviewed by Customs along with the Importers past history. Importers who have a long history of late ISF's are at a higher risk of penalty. Importers who are late the first time, or even 2nd the risk of penalty is low, but Customs always has the right to issue on the first occurance.