ach & pms automated clearing house periodic … · 2019-08-07 · duty payments for the month...

ACH & PMSAUTOMATED CLEARING HOUSE

PERIODIC MONTHLY STATEMENT

www.scarbrough-intl.com

WHAT IS ACH?


• Automated Clearing House• Instead of writing a check to U.S. Customs, ACH allows payment directly from a bank

account• Quicker, more seamless process• A “Statement” is the means for triggering ACH payment

– A “Statement” is provided to the Importer by U.S. Customs – It shows a list of entries released on the same date – It includes the duties and fees owed to CBP

WHY IS ACH IMPORTANT?

• Importers should sign up for their own ACH – They will benefit!

• No more checks. Auto pay debit or credit with CBP (we suggest debit, so CBP does all the work when it comes to collecting payment)

• Instant “credit terms” with CBP (plus the option of Periodic Monthly Statement – PMS)

• Section 232/Section 301 – increased duties greatly. ACH can help with importer’s cash flow.

• Applying for ACH may create the opportunity to receive better credit terms with Scarbrough


WHO SHOULD APPLY?

These importers should apply:– High duty – Moderate to High Volume– An importer that doesn’t have Scarbrough credit, but wants credit


HOW TO APPLY


• Form 400 ACH Debit Application

HOW TO APPLY

Contact [email protected]

1. Scarbrough ACH team will provide the U.S. Customs Form 4002. ACH team will fill out as much as they can for the importer 3. Scarbrough ACH Team will send U.S. Customs Form 400 to importer for final

completion4. Importer returns completed U.S. Customs Form 400 to ach@Scarbrough-

intl.com5. ACH team will send application to U.S. Customs


mailto:[email protected]


NEXT STEPS

• When U.S. Customs assigns a Payor Unit Number, this information is sent back to the email address that is listed on the application.

• Importer needs to forward this information to Scarbrough ACH TeamOur ACH Team needs the Payor Unit Number to complete the process• ACH team will make adjustments to our system and the importer can now pay

CBP via ACH

Next Question:Do you as an importer want

Periodic Monthly Statement (PMS)?


PERIODIC MONTHLY STATEMENT (PMS)


• Periodic Monthly Statement provides the ability to make periodic duty payments on an interest-free monthly basis

• PMS is still based off of release date• Importer will continue to receive the daily statements as in ACH, however

they do not need to pay until monthly statements are processed• Prelim statement prints on the 11th workday of the following month and Final

prints on the 15th workday– For example: Shipments that release in May 2019, will be paid on June

2019 PMS statement

BENEFITS OF PMS


• Depending when the shipment releases, credit terms can be up to 6 weeks*• PMS consolidates all duty payments for the month into one statement

(vs. ACH where the payment is pulled from account each time)• Payment to CBP is due the following month vs. same month as shipment release• If client has ACH and PMS, it may create the opportunity to receive better credit terms with

Scarbrough• Scarbrough does the heavy lifting for you.• We will fill out majority of the application for you and submit it to US Customs.

WHAT DO YOU MEAN UP TO 6 WEEKS?


• Paying U.S. Customs via PMS allows importers to extend payment terms of duty up to 6 weeks, dependent upon release date.

– If shipment releases May 6, 2019, it will print on preliminary PMS statement on June 16th

– Final PMS statement prints on June 21st

– 45 calendar days – Non PMS statement, payment date would be May 17th

• If a shipment released on May 30, however, the prelim PMS statement would still print on June 16 and final payment on June 21. The PMS comes out the month following release on the same date regardless when the released occurred.



• Customs establishes PMS dates at the beginning of each year

Periodic Monthly Statement Dates for 2019

MonthPreliminary Statements 11th Workday

Final Statements 15th Workday

Estimated Withdrawal Date

January 1/16/2019 1/23/2019 1/25/2019

February 2/15/2019 2/22/2019 2/26/2019

March 3/15/2019 3/21/2019 3/25/2019

April 4/15/2019 4/19/2019 4/23/2019

May 5/15/2019 5/21/2019 5/23/2019

June 6/17/2019 6/21/2019 6/25/2019

July 7/16/2019 7/22/2019 7/24/2019

August 8/15/2019 8/21/2019 8/23/2019

September 9/17/2019 9/23/2019 9/25/2019

October 10/16/2019 10/22/2019 10/24/2019

November 11/18/2019 11/22/2019 11/26/2019

December 12/16/2019 12/20/2019 12/24/2019



Tell us you are interested by [email protected]


ach & pms automated clearing house periodic … · 2019-08-07 · duty payments for the month...

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