On October 28, 2011, U.S. Customs and Border Protection (CBP) posted a notice in the Federal Register proposing to amend CBP regulations to increase the informal entry limit from $2,000 to $2,500. The current limit of $2,000 was established in 1998 and while the dollar amount has not been changed, inflation over the years has reduced the value of that amount in real terms.
Accordingly, CBP proposes to raise the current informal entry amount to its maximum statutory limit of $2,500 and thereby reduce the administrative burden on importers and other entry filers.
In addition, CBP proposes to remove the language requiring formal entry for certain articles, because with the elimination of absolute quotas under the Agreement on Textiles and Clothing, CBP no longer needs to require formal entries for these articles.
Comments to CBP are due December 27, 2011.