Customs Notice 24-29: Preparing for the CARM October Implementation - Cutover Period

SOURCE- CBSA WEBSITE, August 30, 2024

Cut Over Period- Source CBSA Website

"This notice provides TCPs with important information regarding the cutover period, which is required for the CBSA to migrate existing systems and functionality to CARM systems and functionality for the CARM October 21, 2024 implementation. The CARM cutover period will extend from October 4 (4:00 pm ET) to October 21 (3:00 am ET).

At the beginning of the cutover period, some CBSA legacy systems, such as the Customs Commercial System (CCS) and the Customs Automated Data Exchange (CADEX), will be retired."

The CBSA Assessment and Revenue Management (CARM) portal will be the official system for importers and other trade partners to account for  goods to pay duties and taxes starting October 21, 2024.

KEY FACTS

• Customs brokers remain the only third party service provider that can submit  Commercial Accounting Declaration (CAD) on behalf of importers after they have been assigned delegated authority by the importers.

•  An importer can make their own submissions through the CARM portal. Other trade partners can make adjustments to CAD on behalf of importers if they have delegated authority.

• Changes to the commercial accounting declaration (CAD) will be seen by importers/ brokers  online in the CARM portal. Versioning in the portal  will enable this to be possible. Different versions of CAD changes will be shown.

• Importers will be able to post security bonds against their imports/shipments to ensure release prior to payments.

• Customs brokers will  also be able to post their bonds on behalf of importers who have given them delegated authority in the portal.

  • How to Post Security for CARM

Importers will be required to post financial security in October 2024. Release Prior to Payment (RPP) security will become the responsibility of the importer after  CARM Release 3 is implemented.

RPP enrolment with posted security will allow importers to:

• Obtain the release of goods from the CBSA before paying duties and taxes;

• Defer payment of duties and taxes.

There are two RPP options:

1. Cash Deposit – Importers will be required to pay 100% of the anticipated highest monthly duty and tax obligation to the CBSA. This is paid directly to the importer account using their BN15 number.

2. Surety Bond (Renew Annually) – Importers are required to post 50% of their highest anticipated monthly duties and tax obligation to the CBSA. Each RM15 e.g. (123456789RM0001, 123456789RM0002), must have a minimum of $5,000 posted for the surety bond option. A BN9 (123456789...) is able to post one bond for multiple BN15’s provided the security amount reflects the required $5,000

TurboClr International will be offering the surety bond service through our partner surety bond insurer. Contact us at info@turboclr.com to get more information on how we can assist you with this and other broker services.