International Shipping Intermediate

Consumption Entry

Also known as: Entry for Consumption, Formal Entry, Import Entry

Definition

A consumption entry is the formal customs declaration used to import goods into a country for use or sale within that country. It’s the most common type of import entry, triggering the payment of duties and taxes and releasing goods into commerce.

What Consumption Entry Means

Definition

  • Goods entering for domestic consumption
  • Will be used, sold, or processed locally
  • Not for re-export or temporary use
  • Full duties and taxes apply

vs. Other Entry Types

Entry Type Purpose
Consumption Domestic use/sale
Warehouse Duty-deferred storage
Foreign Trade Zone Special zone processing
Temporary Import Will be re-exported
Transportation In-bond transit

Consumption Entry Process

Step-by-Step (US)

  1. Goods Arrive - At US port
  2. Entry Filed - Within 15 days of arrival
  3. Duties Estimated - Calculated and deposited
  4. Cargo Released - After exam (if any)
  5. Entry Summary - Filed within 10 working days
  6. Liquidation - CBP finalizes duties
  7. Settlement - Duty over/under resolved

Timeline

Day 0:   Vessel arrives
Day 1-5: Entry filed, cargo released
Day 10:  Entry summary due
Day 300: Typical liquidation
Day 314: Protest deadline (if issues)

Filing Requirements

Documentation Needed

  • Commercial invoice
  • Packing list
  • Bill of lading/airway bill
  • Entry manifest
  • Bond (continuous or single)
  • Other (permits, licenses as needed)

Entry Summary (CBP Form 7501)

Required information:
- Importer of record
- Entry number
- Port of entry
- Merchandise description
- HS tariff classification
- Country of origin
- Value
- Duties and fees calculated

Duty Payment

Estimated Duties

  • Paid with entry or entry summary
  • Based on declared value and classification
  • May be adjusted at liquidation

Payment Methods

  • ACH (Automated Clearing House)
  • Electronic funds transfer
  • Daily/periodic statements
  • Deferred payment programs

Payment Timeline

Standard: Pay with entry summary (Day 10)
Periodic Monthly: Pay monthly (PMS)
Statement: Aggregate payments

Customs Bond Requirement

Why Bonds Are Needed

  • Guarantee duty payment
  • Cover potential penalties
  • Required for consumption entries
  • Protect government revenue

Bond Types

Type Use
Single Transaction One-time import
Continuous Ongoing imports (12 months)

Bond Amounts

  • Single: Value of shipment + duties
  • Continuous: Usually 10% of annual duties (minimum $50,000)

Entry Types Within Consumption

Informal Entry

  • Value under $2,500
  • Simplified process
  • Less documentation
  • Consumer imports typically

Formal Entry

  • Value $2,500 or higher
  • Full documentation
  • Bond required
  • Commercial imports

Customs Examination

Exam Types

Type Description
Document review Paperwork only
Tailgate Quick physical check
Intensive Detailed inspection
X-ray/NII Non-intrusive imaging

If Selected

  1. Hold at port
  2. Exam scheduled
  3. Unloading if needed
  4. CBP inspection
  5. Release or further action

Post-Entry Process

Liquidation

  • CBP finalizes entry
  • Reviews classification and value
  • Assesses final duties
  • Usually within 314 days

Possible Outcomes

  • Liquidated as entered (duties correct)
  • Increased duties (you owe more)
  • Decreased duties (refund due)
  • Rate advance (higher classification)

Post-Entry Amendments

  • Correct errors after filing
  • Prior Disclosure if violations
  • PSC (Post Summary Correction)
  • PEA (Post Entry Amendment)

Consumption Entry Costs

Typical Fees

Fee Range
Merchandise Processing Fee 0.3464% (min $27.75, max $528.33)
Harbor Maintenance Fee 0.125% (if by vessel)
Customs broker fee $100-$300
Bond (continuous annual) $300-$500
Exam fees (if examined) $200-$1,000+

Working with Customs Brokers

Why Use a Broker

  • Expertise in classification
  • Proper documentation
  • Compliance management
  • Faster clearance
  • Reduced errors

Broker Responsibilities

  • Prepare entry documents
  • Calculate duties
  • File with CBP
  • Communicate status
  • Maintain records
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