Merchandise Processing Fees Set To Increase October 1
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Merchandise Processing Fees Set To Increase October 1
Posted on Sep 13
Article by: Rick Walker, Vice President – TradeInsights, LCB, CCS
Effective October 1, 2023, Merchandise Processing Fee (MPF) rates will be increasing. The new MPF user fees are outlined below:
Minimum MPF on informal entries (shipments valued under $2500 USD) will increase from $2.37 to $2.53.
Minimum MPF on formal entries (shipments valued over $2500 USD) will increase from $29.66 to $31.67.
Maximum MPF on a formal entry will increase from $575.35 to $614.35.
Please note that the MPF ad valorem rate of 0.3464% will not change.
For more information on the increase, please see US Customs and Border Protection General Notice 88 FR 48900.
Please contact your V. Alexander account team, or you may contact our Trade Compliance team at tradeinsights@valexander.com with any questions, and you can always follow us on our website www.valexander.com for updates on this and other topics.