New Broker-Known Importer Program Launched
CBP indicates that BKIP will provide two primary benefits. One is to enhance communication between brokers and importers by creating a framework whereby they can discuss in greater depth the importer’s trade activities in the context of import regulations. Importers will benefit from increased compliance understanding and improved entry accuracy, while brokers may discover additional business opportunities. The second is that because the BKIP indicator will factor into CBP’s cargo risk segmentation, importers may benefit from improved cargo targeting by CBP at the time of arrival.
NCBFAA has developed a questionnaire that brokers can use to conduct a review enabling them to verify the importer’s identity and confirm the importer’s understanding of its compliance obligations in areas such as entry declarations, antidumping and countervailing duties, intellectual property rights, valuation and preference programs. This review could also address documentation and information requirements for customs clearance, recordkeeping and drawback. It is anticipated that this review will be repeated periodically.
Further questions regarding the implementation of the BKIP may be directed to the NCBFAA or CBP.