By: Brian Walczyk, Compliance Manager, TradeInsights, LCB, CCS

With U.S. CBP’s roll-out of CAPE Phase 1 the ACE development team has been hard at work developing tools to help the Trade community manage their claims.

CBP issued CSMS # 68536553 detailing a few of the helpful reports in ACE that grant visibility to the IEEPA refund tied CAPE claims.

• ES-022: CAPE Entry Summary Report
• Links the CAPE declaration, entry, and refund numbers to help track the refund process, including refund amounts by principal and interest.

• REV-603: Trade Refund Report
• Helps users track refunds that have a “refund secondary status,” such as, “sent to treasury,” “treasury issued,” “funds diverted,” and “check/ACH returned.”

• REV-613: ACH Rejected Refunds Report
• Displays refunds where ACH Refund enrollment was not active at time of issuance. The party to receive the refund will need to follow these steps to request a replacement refund.

• REV-615: CAPE Details Refund Report
• Builds on the REV-603 by showing the entry summary level details regarding CAPE declarations that have been sent to Treasury.

We will continue to monitor and provide updates on additional CAPE reporting tools as they are developed.

Please contact your V. Alexander account team, or you may also 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.