CBP Releases Fact Sheet on New Part 111 Final Rule
CBP released a fact sheet Oct. 18 on its Oct. 18 final rule amending the Part 111 customs broker regulations (see 2210170071), which was published in the Federal Register the same day. The fact sheet includes a table that details…
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the changes, including a new definition of “processing center,” the elimination of district permits, the codification of the requirement that customs business be conducted within U.S. customs territory, broker electronic reporting, broker fee changes, broker exam and license changes, cyber security and records requirements, responsible supervision and control requirements, a prohibition on the provision of false information, and the new requirement for the broker/client relationship. CBP had said it would post a series of guidance documents on the day the final rule was published (see 2210070057), though as of press time only the fact sheet had been released.