Broker Known Import Program
On May 13, 2015, US Customs and Border Protection (CBP) issued a CSMS message announcing the beginning of the Broker Known Importer Program (BKIP). This voluntary compliance review program allows customs brokers to indicate to CBP at the time of entry that an importer is ‘known’ and was advised of compliance responsibilities as an importer. There are several benefits to participation in this program for all involved parties, with the biggest likely being that the importer can see better supply chain predictability at the time of cargo arrival in the US. This is a direct result of less CBP inspections and exams by being a ‘known’ importer and therefore less compliance risk.
BKIP functionality is already included in the ACE environment, ready for brokers to begin transmitting known importer indicators on behalf of importer programs. This is not a new program, but CBP and affiliates have been very busy with implementation for the upcoming ACE deadline.
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BDP International is currently participating in BKIP, and will be discussing it in detail at our Regulatory Compliance Seminar in Houston, TX, on February 25, 2016.
Join us to learn how BKIP can benefit your business.
Sources: US Customs and Border Protection, BDP International Regulatory Compliance