Liquidation is the process through which Customs completes its review of an entry and finalizes its position as to the duties. You may ask, what about those duties paid at the time of entry? When duties are paid at the time of entry they are referred to as "deposits" because they are not considered Customs' final assessment of duties owed. Generally, the entry remains "unliquidated" for a period of 314 days after the date of entry. During this interim period the entry information may be revised regarding country of origin,[...]
Goods that are imported are released based on the filing of the entry and/or entry summary with Customs but before Customs may have determined whether or not the goods are admissible into the U.S. "Release" refers to Customs relinquishing physical control over the goods. However, Customs will not release the goods without evidence of an entry bond being filed. The bond offers protection to Customs in that the importer guarantees return of the goods to Customs custody if requested. Customs will order the return of goods for 1) failure to[...]
Who is responsible for the costs of opening of a shipment and unloading product by Customs? The importer. Inspections are usually done on an appointment basis and are known to result in days of delay before released from Customs custody. Further, costs involving demurrage and storage charges are the responsibility of the importer. In addition, there is generally no liability on the part of Customs for loss or damages to ones merchandise during the course of inspection.[...]
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