What are the benefits and drawbacks of using entry type 11 for informal entries?

2 What is entry type 01?

Entry type 01 is the standard entry procedure that requires you to use a customs broker and a bond to clear your goods through the CBP. You must use entry type 01 for shipments that exceed $2,500 in value, or for goods that are subject to quota, antidumping, or countervailing duties, or other special requirements. You must file entry type 01 electronically through the ACE system, and submit the required documents and payments to the CBP within 10 days of the date of entry.

3 What are the benefits of entry type 11?

Entry type 11 offers several advantages for importers, such as reducing time and money spent on fees and paperwork, decreasing the risk of delays, penalties, or audits by the CBP, and increasing flexibility and convenience. This type of entry does not require a formal entry summary or liquidation process, and it is subject to less scrutiny and verification than entry type 01. Furthermore, you can use entry type 11 for a variety of goods and purposes as long as they meet the eligibility criteria. You also have the option to file entry type 11 online or in person.

4 What are the drawbacks of entry type 11?

Using entry type 11 can have drawbacks for importers, such as limiting their options and opportunities, as it cannot be used for shipments over $2,500 or goods with special requirements. Additionally, importers are responsible for filing the entry correctly and accurately without the help of a customs broker, which may lead to errors or omissions resulting in fines or penalties. Furthermore, without the assistance of a customs broker, importers may not have access to the same level of information and tracking, and may not know the status of their entry, the amount of duties and fees owed, or the final disposition of their goods by the CBP.

5 How to decide between entry type 11 and entry type 01?

When deciding whether to use entry type 11 or entry type 01, you should consider the value, quantity, and nature of your goods as well as the frequency, volume, and purpose of your imports. It is also important to factor in the cost, time, and risk involved in the entry process. Be sure to check the CBP tariff schedule and regulations to determine the appropriate classification, valuation, origin, and duty rate of your goods. Additionally, think about how using entry type 11 or entry type 01 will affect your budget, schedule, and compliance.

6 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?