CBP to Deploy Capability Allowing User to Report Higher Bond Amounts
CBP is deploying, on Sept. 25, a capability in the ACE production environment that will allow users to report bond amounts with up the 10 digits for the Importer/Bond Query, it said in a Sept. 19 cargo systems message.
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Bond amounts with 10 digits -- which equal an amount in the billions of dollars -- will be reported in the K2 output record, while bond amounts with nine digits or less will continue to be reported in the K1 output record.
CBP also indicated that the K8 output record, the Additional Information Qualifier Code, will be mandatory.
This update is reflected in Version 7 of the Importer/Bond Query implementation guide and will be available in the “Chapters: Current Capabilities” section of the CBP and Trade Automated Interface Requirements (CATAIR) website upon deployment, CBP said.