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Reconciliation allows the importer, using reasonable care, to file entry summaries with CBP with the best available information, with the mutual understanding that certain elements, such as the declared value, remain outstanding. At a later date, when the specifics have been determined, the importer files a Reconciliation which provides the final and correct information. The Reconciliation is then liquidated, with a single bill or refund, as appropriate.
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In the ACS Reconciliation Prototype, the following issues are allowed Reconciliation:
Value (Assists, Royalties, etc.)
HTS 9802 Value
Classification
NAFTA eligibility
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GTKonnect Reconciliation automates, simplifies and streamlines the process of amending entries through U.S. Customs’ Reconciliation Program. Whether fully integrated with GTKonnect Imports, or as a stand-alone module utilizing data loading features, importers and service providers can use GTKonnect to create and file reconciliation entries irrespective of broker, port of entry, or other extraneous factors.
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Salient Features of GTKonnect Reconciliation module are: |
- Data Loads:
- Working in Tandem with GTKonnect Imports, GTKonnect Reconciliation can receive all the entries flagged for Reconciliation automatically.
- If used as a standalone application, flagged entries can be uploaded to GTKonnect Reconciliation using the GTKonnect Integration Manager module.
- Using built-in intelligence, GTKonnect Reconciliation automates the Reconciliation process by deploying defaults, prompts, field level edits and internal controls.
- Calculations:
- MPF, HMF and midpoint interest calculation features provide to the penny accuracy in accounting and cost projection tools
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“Very attractive pricing”-
says Linda, Manager, BP Industries in Ontario, CA
… Netwin was highly recommended to us by one of their customers and we decided to evaluate their product. This was the best product in the market and we were pleasantly surprised by their aggressive prices and their willingness to work with us.
… Very professional in their approach and we look forward for the system implementation in the next few weeks after we get our customs profile established. |
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“With Netwin’s GTKonnect ISF, we have not only automated
but are completely managing by exception” – Ralph Garcia,
Manger. International Trade Compliance.
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