Cracking the Code: How Importer Security Filing verifies Customs Value

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In this video, we dive deep into the role of Importer Security Filing (ISF) in customs value verification processes. ISF, also known as 10+2, is a requirement by US Customs and Border Protection (CBP) for importers to provide certain information about their cargo before it is loaded onto a vessel bound for the United States. ISF plays a crucial role in customs value verification as it includes essential information that customs authorities use to determine the value of imported goods accurately. This information is compared with supporting documents to ensure the accuracy and consistency of the declared value. Customs bonds are also discussed as a requirement when submitting the ISF, as they serve as a financial guarantee for duties and fees owed to CBP.
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Video Disclaimer Here: This tutorial is independent and not affiliated with any US governmental entities.