By: Daniel Cariello
Fresh off the press today, the FTR final rule, published on March 14, 2013, will now be effective April 5, 2014. Previously it was scheduled to take effect on January 8, 2014. Additionally, the Office of Management and Budget has approved the collection of two new data elements (license value and ultimate consignee type) in the Automated Export System (AES) under control number 0607-0152.
Are you wondering why the effective date was extended?
Changes to the FTR are currently being programed into the Automated Commercial Environment, which is the new platform for the AES. However, the functionality to support the revisions addressed in the final rule published March 14, 2013, will not be deployed until April 5, 2014. As a result, the Census Bureau and Customs and Border Protection have agreed to delay the effective date of the final rule.
After April 5, 2014, exporters will be required to follow the new reporting requirements addressed in the March 14,2013, publication of the Federal Register FTR final rule. Some of the new requirements include the reporting of shipments for all used self-propelled vehicles (regardless of value or destination) as well as temporary exports valued over $2,500 per Schedule B. In addition to adopting new export reporting requirements and modifying the postdeparture program, we also made changes to the FTR for clarification on terms and responsibilities.
For more information regarding the key changes that will be effective April 5, 2014, check out our blog The New Foreign Trade Regulations (FTR) Export Requirements.
If you have questions regarding these new changes to the FTR final rule, please contact the Regulations, Outreach and Education Branch at 1-800-549-0595, option 3 or via e-mail at firstname.lastname@example.org.