Within how many months should the reconciliation be completed following the earliest entry summary date?

The reconciliation process for customs entries is critical for ensuring that all duties, taxes, and fees are accurately reported and paid. According to U.S. Customs and Border Protection (CBP) regulations, the reconciliation must be completed within 21 months following the earliest entry summary date. This timeframe allows importers to gather all necessary information and documentation to verify the accuracy of the data submitted in their entry summaries.

Reconciliation serves as a mechanism to correct or adjust any discrepancies that may arise after the initial entry has been filed. The 21-month period is designed to accommodate the complexity of trade and the potential for changes in valuation, classification, or other compliance elements that may emerge after the goods are imported. This timeframe is both a regulatory requirement and a practical allowance for importers to ensure full compliance with Customs regulations.

Therefore, understanding the significance of these timelines within the customs process is essential for proper compliance and minimizing exposure to potential penalties or compliance issues.