Unveiling the Key Differences: ISF Filing vs. Entry Filing in Customs Brokerage

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In this video, we discuss the differences between Importer Security Filing (ISF) filing and entry filing in the world of customs brokerage. ISF filing is a mandatory requirement that requires importers to provide specific information about their cargo before it arrives in the United States, aimed at enhancing supply chain security. On the other hand, entry filing is the process of formally declaring imported goods to Customs and Border Protection (CBP) and involves providing comprehensive information about the goods, their value, classification, and other relevant details. The key differences between ISF filing and entry filing lie in the timing and information provided, with ISF filing focusing on security-related information before the cargo is loaded, and entry filing focusing on comprehensive details for customs purposes after the cargo arrives. Compliance with both filing requirements is crucial for importers to avoid penalties, delays, and potential legal consequences.
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Video Disclaimer Here: This video is intended for educational purposes and has no affiliation with US government entities.

00:24 ISF (Importer Security Filing) is a mandatory filing requirement by U.S. Customs and Border Protection for providing advance security information about incoming cargo, while entry filing is the formal declaration of imported goods to CBP, focusing on comprehensive details for customs purposes.
00:45 ISF filing must be done at least 24 hours before cargo is loaded onto the vessel bound for the U.S., while entry filing is typically done after the cargo arrives, through the Automated Broker Interface (ABI) system.
01:06 The primary goal of ISF filing is to enable CBP to assess security risks beforehand and identify high-risk shipments, whereas entry filing helps in calculating duties, taxes, and fees applicable to imported goods, ensuring compliance with trade regulations.
01:56 Compliance with both ISF and entry filing is crucial to avoid penalties and delays for importers. Failure to comply with ISF requirements can lead to fines, cargo holds, or shipment refusal, while incorrect entry filing can result in increased costs and potential legal consequences.