Customs — Reasonable Care & ISF Compliance Checklistv1.0.1

A broker or importer must file an Importer Security Filing (ISF) at least 24 hours before goods are laden on a vessel. This scenario ensures the filing is timely and updated if information changes, avoiding liquidated damages.

When onboarding a new importer, the provider must obtain a valid Power of Attorney and perform Know Your Customer (KYC) checks to establish identity. This scenario ensures the compliance file is complete before any entry is filed.

When filing a customs entry, the importer must support classification, valuation, origin, and quantity with proper documentation. This scenario ensures that all data is backed by records to meet reasonable care obligations.

When goods are regulated by agencies like FDA or USDA, additional data and prior notices are required. This scenario ensures PGA requirements are identified and met before entry filing to avoid delays.

After an entry is filed, records must be retained for five years. This scenario sets up a system to track and store records, ensuring compliance with 19 CFR 163.

A cloud-based platform that automates ISF filing, tracks deadlines, and manages compliance files. Revenue from subscription fees per user or per filing.

Customs brokers use the checklist to offer comprehensive entry filing services, ensuring reasonable care and timely ISF. Revenue from per-entry fees or monthly retainers.

Experts use the checklist to audit importer compliance programs or train staff. Revenue from consulting fees and training workshops.