U.S. Customs and Border Protection October 5, 2012 – Federal Register Recent Federal Regulation Documents

Expansion of Importer Self-Assessment Program To Include Qualified Importers of Focused Assessment Audits
Document Number: 2012-24592
Type: Notice
Date: 2012-10-05
Agency: Department of Homeland Security, U.S. Customs and Border Protection
This document announces changes to the Importer Self- Assessment (ISA) program and describes the requirements for participation in, and benefits under, the program. The ISA program allows participants an opportunity to assess their own compliance with U.S. Customs and Border Protection (CBP) laws and regulations rather than undergoing comprehensive CBP audits. This document announces that a company that has successfully undergone a CBP Focused Assessment (FA) audit may be eligible to transition into the ISA program without further CBP review within twelve (12) months from the date of the FA Report wherein Regulatory Audit, Office of International Trade, has determined that the company represents an acceptable risk to CBP, if the company also: Is a U.S. or Canadian resident importer; obtains Customs-Trade Partnership Against Terrorism (C-TPAT) program membership; develops a risk-based self-testing plan; and agrees to meet all of the ISA program requirements. An Application Review Meeting, which is normally required for ISA applicants, will not be required for participants under this new policy.