Periodic Monthly Statement — PMS

Customs & Border Protection (CBP) has commenced a program called PMS (Periodic Monthly Statement). Under this program duties become payable on the 15th business day of the month following import clearance. To take advantage of the cash-flow benefits of this program, you the importer, can become a direct ACH payer of your duties. AIRSCHOTT can assist you with the ACH Application form and once you are approved can arrange to have your company turned on by the Revenue Division for PMS. We recommend that the most efficacious way for your company to take advantage of the benefits of PMS is to become a direct duty payer via ACH. Becoming ACH is a simple procedure. Please contact us for more information at info@airschott.com or info@seaschott.com.

If you do not wish to become a direct duty payer your company can still be set up for PMS. This process is simple and involves only completing an updated CF5106. If you wish we would be happy to assist you with this process by completing the CF5106 on your behalf and sending it to you for your review and approval.

The other benefits of PMS include access to reports through the CBP ACE Portal. AIRSCHOTT is able to process PMS payments for ACH and non-ACH importers of record because we have an ACE Portal account (we would also be happy to assist any importer interested in having their own ACE portal account). We are also C-TPAT. The ACE portal gives access to many reports about your payment and compliance history with CBP which we can access on your behalf.

For more information please contact us at info@airschott.com or info@seaschott.com.